I agree with you on the substance. It is unwise to try to raise money from shareholders in the period before tax loss selling after another disappointing year.
The short volume has also increased
https://www.shortman.com.au/stock?q=e25
Ann: Element 25 Extends Share Purchase Plan, page-14
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Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $49.48M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 22.0¢ | $36.29K | 160.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 42522 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 2200 | 1 |
View Market Depth
| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| E25 (ASX) Chart |