I hope this holds the 11 cent level, or even 10 cents, otherwise the retail cap raise could be a disaster.
If you read the fine print though, it says in the event of a retail capital raising failure, the company itself reserves the right to take up the shortfall, so they'll buy their own shares if necessary, but what with, maybe the prepayment off-take money from Chemsys !!!
Oh my goodness, what a potential problematic situation that might become.
Gw
Ann: A$25m Capital Raise to Support Full Funding of HMW Phase 1, page-28
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16.0¢ |
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Mkt cap ! $116.6M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $666.3K | 4.231M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 644360 | 15.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 104536 | 2 |
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| GLN (ASX) Chart |