You are quite right and I should have been more clear. Not expecting a second offering anytime soon.
A higher price will allow (if needed) more credit to increase capital for further production. I was talking long term so what I was trying to say is that the higher the SP the easier (generally and in basic terms) it is to get credit for A2M. If it the SP was to stay low (as was originally posted) then A2M would find it harder to get the credit (again if required) to increase capital.
When people are talking of massive growth A2M still needs to raise production to meet (at least current) demands.
Does that make more sense?
You are quite right and I should have been more clear. Not...
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Last
$6.84 |
Change
0.070(1.03%) |
Mkt cap ! $4.930B | |||
| Open | High | Low | Value | Volume |
| $6.84 | $6.86 | $6.80 | $849.1K | 124.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 6706 | $6.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.84 | 13643 | 15 |
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| Last trade - 11.05am 12/08/2024 (20 minute delay) ? |
| A2M (ASX) Chart |