There would be a lot of dilution if they did that.
From a bit of googling, it looks like they can borrow from the EIB at below 4%.
Once approved and other milestones met, the SP should rise and there would be less dilution from any capital raise
Ann: European Investment Bank proposed EUR500m ($825m) financing, page-56
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Last
$5.39 |
Change
-0.150(2.71%) |
Mkt cap ! $927.4M | |||
| Open | High | Low | Value | Volume |
| $5.50 | $5.50 | $5.27 | $2.124M | 393.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 1711 | $5.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.39 | 8928 | 6 |
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| Last trade - 11.18am 24/05/2024 (20 minute delay) ? |
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Last
$5.36 |
Change
-0.150 ( 2.67 %) |
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| Open | High | Low | Volume | ||
| $5.47 | $5.48 | $5.28 | 34480 | ||
| Last updated 11.33am 24/05/2024 ? | |||||
| VUL (ASX) Chart |