you're missing the pointCAN was trading low because of a...

  1. 1,804 Posts.
    lightbulb Created with Sketch. 376
    you're missing the point

    CAN was trading low because of a precarious financial position before

    Now they have access to a big chunk of money, so that dark cloud has dissipated

    any raise is dilutive, especially if it was a placement (which are being done at steep discounts with bucketloads of options these days)

    this gives them a chance to put runs on the board and for the note to convert at a better price than a placement if things work out
 
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(20min delay)
Last
1.4¢
Change
0.000(0.00%)
Mkt cap ! $9.118M
Open High Low Value Volume
1.4¢ 1.5¢ 1.3¢ $7.484K 534.1K

Buyers (Bids)

No. Vol. Price($)
9 3246538 1.3¢
 

Sellers (Offers)

Price($) Vol. No.
1.4¢ 55557 1
View Market Depth
Last trade - 15.52pm 30/07/2025 (20 minute delay) ?
CAN (ASX) Chart
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