Very modest: the last time they offered a cap raise to current holders, they sought to raise $3.9 million (at the same 6.5c/share) which was oversubscribed and subsequently raised $4.5 million. It'll be interesting to see what appetite current holders have this time around.
It's a fair observation re: time between raises. I don't know the rules around how much can be raised without having to seek explicit approval from shareholders, but that may factor into it. Or it could be a case of getting enough cash to operate until a takeover offer is made.
Ann: $3m Placement to Advance Kalgoorlie Gold Projects, page-9
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $98.19M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $303.7K | 2.873M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 632392 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 1027218 | 9 |
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| AAR (ASX) Chart |