Because they still need to raise $100m in equity.
Insto’s will sell off if they know there is a cap raise coming so they can buy back cheaper.
Lots of green energy funds out there so getting a corner stone shouldn’t be too difficult.
Ann: Quarterly Activity Report and Appendix 4C, page-7
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Last
11.0¢ |
Change
-0.015(12.0%) |
Mkt cap ! $56.51M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 10.0¢ | $4.759M | 46.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 280705 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 360700 | 7 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| FHE (ASX) Chart |