They can absolutely be scaled back. Management just announced that if they receive applications for more than $5m, they can choose to accept up to $15m. And theyve just shown that theyll accept shares, issued at discount, even if they dont have a need or plan for the money.
They could get more than $15m, in which case it'll scale to $15m. I dont have stats on how likely that is. I just sold $10k. To be scaled back below $10k, theyd need to receive applications for $45m in the SPP. I reckon im pretty safe.
They can absolutely be scaled back. Management just announced...
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Last
$1.25 |
Change
-0.055(4.21%) |
Mkt cap ! $1.090B | |||
| Open | High | Low | Value | Volume |
| $1.30 | $1.30 | $1.25 | $13.22M | 10.42M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 856673 | $1.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 9135 | 2 |
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| DRO (ASX) Chart |