I think you've missed the point. Nobody's questioning if they need to raise. It's the fact that it's at a 45% discount to todays share price that's the issue. For new investors (and institutions) getting in and those building a position , sure it's a buying opportunity. For those with a full position its a loss of 45%.
News: FHE Frontier Energy Seeks Trading Halt, page-22
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $56.51M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $12.23K | 110.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 40101 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 120121 | 4 |
View Market Depth
| Last trade - 10.12am 04/10/2024 (20 minute delay) ? |
| FHE (ASX) Chart |