I'm not sure if the "valuation" is really 3.5c, as that is the conversion price (subject to shareholder approval) that would presumably only be agreed to if the loan couldn't be paid back! I would think that if the company was so cash strapped that it couldn't repay the loan, a "floor" of 3.5c is actually not too bad considering last CR was at 0.5c.
Although a bit disappointing to see not much movement when I'm looking at the other tickers with double digits today.
Ann: Convertible Loan Facility Secures Interim Funding, page-14
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Last
0.9¢ |
Change
0.002(28.6%) |
Mkt cap ! $6.159M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $10.02K | 1.236M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 6984739 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 745879 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SHE (ASX) Chart |