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.
They did, what you're suggesting is not an underwriting,...
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Last
9.7¢ |
Change
-0.008(7.62%) |
Mkt cap ! $18.13M | |||
| Open | High | Low | Value | Volume |
| 9.9¢ | 9.9¢ | 9.7¢ | $3.34K | 34.02K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 150000 | 9.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 200000 | 1 |
View Market Depth
| Last trade - 14.49pm 13/05/2024 (20 minute delay) ? |
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Last
9.6¢ |
Change
-0.008 ( 1.03 %) |
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| Open | High | Low | Volume | ||
| 9.7¢ | 9.7¢ | 9.6¢ | 5284 | ||
| Last updated 15.02pm 13/05/2024 ? | |||||
| K2F (ASX) Chart |