Why would that be the preferred option?
Debt is way cheaper than equity particularly when that equity keeps being raised at all time low MC levels.
I would rather get into production with a debt facility hanging over my head and then the means to make repayments rather than selling valuable equity at these levels.
10x
Ann: Trading Halt, page-42
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Last
15.5¢ |
Change
0.010(6.90%) |
Mkt cap ! $113.0M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 16.5¢ | 15.0¢ | $1.200M | 7.715M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 506022 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 280041 | 4 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |