I guess the management is very confident that they can raise at much higher prices later down the track. On the other hand PEN had a massive discount when they raised their 60 million shares and massively diluted their shares.
I guess these 30 million dollars were to show potential lenders that it is very easy to finance the project through shares, offtakes and debt.
the management is excellent to raise 30 million at only 7% discount
I guess the management is very confident that they can raise at...
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Last
46.0¢ |
Change
-0.005(1.08%) |
Mkt cap ! $842.3M | |||
| Open | High | Low | Value | Volume |
| 47.0¢ | 47.0¢ | 45.0¢ | $1.869M | 4.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13459 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 250986 | 5 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
46.0¢ |
Change
-0.005 ( 0.52 %) |
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| Open | High | Low | Volume | ||
| 47.0¢ | 47.0¢ | 45.0¢ | 1744231 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LOT (ASX) Chart |