Is it possible for the share price to get even close to 20c??....the NPV of Ancuabe was $300m and there are currently a billion shares. They want to spend up to $50m capex for a pilot plant and up to $100m capex to get to 60,000 tonnes. If everything after this cap raise is debt, there is no dilution but it will take 5-10 years to repay debt. If all equity the dilution will be so massive the most we will see is probably 0.10c per share. I dont know if my logic works but it seems to be simple maths
Ann: Capital Raising Partially Underwritten to $4.33 million, page-35
Add TON (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.4¢ |
Change
0.002(16.7%) |
Mkt cap ! $21.85M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.4¢ | 1.2¢ | $5.237K | 408.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 252 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 254791 | 3 |
View Market Depth
| Last trade - 15.53pm 28/05/2024 (20 minute delay) ? |
|
|||||
|
Last
1.3¢ |
Change
0.002 ( 8.33 %) |
||||
| Open | High | Low | Volume | ||
| 1.2¢ | 1.3¢ | 1.2¢ | 16149 | ||
| Last updated 13.24pm 28/05/2024 ? | |||||
| TON (ASX) Chart |