WAG,
In my opinion, that's a good point you make with regards to "relatively low cost" P3 surprise for the board and if this is the case then we need a CR, because money from Lanstead is not enough. I am thinking that we need around $30-35 mils, in addition to $11-12 mils (at current price) from Lanstead to be on the safe side and get through P3. The question mark is the CR share price, I believe there are willing institutional investors to take the relatively low-medium risks and come up with the money. If the issue share price is in this $3-3.30 range which is not necessarily unheard of in comparison with the current share price (but is also wishful thinking from me) then I would personally support such an approach rather than sell the company for $6-7/share - I believe there are currently such T/O offers on table - and cut any upside from the future.
$35 mil @ $3 means 11.6 mil shares which is not a high percentage dilution and acceptable for me in order to go alone to P3 and have all the upside from a successful P3
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$15.39 |
Change
0.550(3.71%) |
Mkt cap ! $1.915B | |||
| Open | High | Low | Value | Volume |
| $15.00 | $15.50 | $14.91 | $9.641M | 631.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 300 | $15.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $15.39 | 1224 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| NEU (ASX) Chart |