Australia's largest stock trading and investment forum Australia's #1 stock forum

BRN

Click for more information

9.80%

23.0¢ brainchip holdings ltd

Ann: Trading Halt, page-259

First 259 Last

Share
Profile

Follow
Stickshift

7,897 Posts.

2077

24/07/24

13:41

Post #: 74893888
Share

Originally posted by Kachoo: ↑

I'm just putting it out here cause there is an absolute incorrect narrative being played out with LDA for reasons.

In December 2023 BRN need to raise. Minimum year end the remainder share given to LDA was not enough so they added 10 million more shares sold that and met the required minimum cap raise.

They have a 12 million dollars to raise. Giving LDA 40 million shares of which as of April had only 24 million Left to sell based on the top 50 Holdings. Which was likely sold down. If they were short capital in the LDA investment style CR they would just issue more shares.

This is a different situation we never halted to give LDA more share and why would LDA walk away from free money.

Expand

BRN raised capital in 2017 to sophs and instos, Foster Stockbroking was the manager:

Private Placement Raises A$6M

Last edited by Stickshift: 24/07/24

BRN Price at posting: 20.0¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

FFM

Firefly positioned for copper growth in Canada ahead of resource update

CC9

Chariot Corp unveils plans for Black Mountain "pilot mine" in Wyoming, US; shares jump +20%

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 95 more messages in this thread...

First 259 Last

Add BRN (ASX) to my watchlist

(20min delay)
Last 23.0¢		Change -0.025(9.80%)		Mkt cap ! $451.3M

Open	High	Low	Value	Volume
25.5¢	26.5¢	22.0¢	$3.918M	16.28M

Buyers (Bids)

No.	Vol.	Price($)
30	658476	23.0¢

Sellers (Offers)

Price($)	Vol.	No.
23.5¢	112520	8

View Market Depth

No.	Vol.	Price($)
29	655976	0.230
23	1327565	0.225
45	1635250	0.220
13	496118	0.215
22	724067	0.210

Price($)	Vol.	No.
0.235	112520	8
0.240	620597	14
0.245	537392	11
0.250	323570	10
0.255	404748	9

Last trade - 16.10pm 03/10/2024 (20 minute delay)

BRN (ASX) Chart