They did, what you're suggesting is not an underwriting, speculhater.
Underwriter stands behind K2F as back-up to make sure at least 7.65m shares get issued for $1.53m cash.
Based on this announcement, 8.60m shares will get issued for $1.72m cash.
The underwritten position has no doubt given others confidence to exercise options which werent even in the money.
Everyone will have different view, but I think share price has been impacted in part by fear of raising. Now, almost $3m in bank, target breakeven, Vale and S32 announcements due any day. Should be upwards from here IMO.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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1 | 52314 | 9.0¢ |
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Price($) | Vol. | No. |
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9.4¢ | 55066 | 2 |
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No. | Vol. | Price($) |
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1 | 50000 | 0.081 |
1 | 18494 | 0.080 |
1 | 16688 | 0.053 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.094 | 55066 | 2 |
0.098 | 150000 | 1 |
0.105 | 10000 | 1 |
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