A cap raise is good but the size is the only factor. They have to draw on LDA by conditional covenant (not sure when)but market won't like that...
I think they should raise $200m at 90c as a goal and pay out LDA. After doubling market cap this year, holders may support that, and cashes them for the US.
2022 BRN Discussion, page-7228
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Last
26.0¢ |
Change
-0.020(7.14%) |
Mkt cap ! $510.2M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 28.5¢ | 25.3¢ | $9.484M | 34.93M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 736368 | 25.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 481166 | 3 |
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| BRN (ASX) Chart |