Ii just dont get boards....highest interest rates on record and they sat and waited for it....! how long has this rain event been known for??? they sit back and wait for a strategy doc (meanwhile the SP is obliterated) - how long have we had debt interest creep??? why not eliminate the risk of both when the SP was b/w $1.50-$2.50??
One simple, way less dilutive (at >$2) CR wouldve wiped all these problems away, not to mention fully recharged all our debt facilities in preparation for an event such as this and many other unknown events (+capex), not to mention created a war chest should we have needed it....
- 100m shares at $2 would've done the job around Jan/Feb = $200M AUD and only required a 1:4 ratio, easily handled and underwritten. Would have ZERO debt
- 100m shares now wont even raise $75m (after costs)
- to raise ~$200m would almost require a 1:1......
AND if they don't raise.....hmmm....8-10% interest, loans max'd out, copper price in the doldrums.......hmmmm....
woulda, coulda, shoulda.....idiocy 101, always reactive, not proactive...
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Ii just dont get boards....highest interest rates on record and...
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Mkt cap ! $326.3M |
Open | High | Low | Value | Volume |
47.5¢ | 47.5¢ | 46.5¢ | $850.5K | 1.813M |
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11 | 174160 | 0.460 |
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6 | 87650 | 0.445 |
Price($) | Vol. | No. |
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0.470 | 3977 | 1 |
0.475 | 30908 | 2 |
0.480 | 71000 | 3 |
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0.490 | 71762 | 2 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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