Honestly I don’t see this being as bad as other posters on HC made it out to be yesterday. Prudent management ensuring they have enough working capital on hand.
No contracts have been lost or minimised, they have just been pushed back. No one could have expected every single airport and port in the world to be shut down, with no clear end date.
With 90%+ of EOS product being exports paid upon delivery, this was a necessary course of action. Get it out of the way sooner rather than later.
Instos lining up for the cap raise fills me with confidence and personally I will be taking full advantage of the SPP. People are so quick to forget the premium EOS was trading on just months following the last cap raising.
GLTAH
Ann: Completion of A$134 million institutional placement, page-2
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Last
$1.64 |
Change
-0.070(4.09%) |
Mkt cap ! $316.4M | |||
| Open | High | Low | Value | Volume |
| $1.72 | $1.72 | $1.64 | $1.067M | 637.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 5006 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 4173 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| EOS (ASX) Chart |