The $60 million extra in the bank represents approximately 11.37% of the current market cap, and the issuance of new shares would result in approximately 13.23% dilution to the current shares on issue.
Disappointed that the dilution % is more than the extra cash %.
Essentially, the loss in value due to dilution is greater than the gain in value by having an extra $60 million in the bank.
The $60 million extra in the bank represents approximately...
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Last
38.0¢ |
Change
0.010(2.70%) |
Mkt cap ! $687.8M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 38.5¢ | 37.5¢ | $972.2K | 2.570M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 654622 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 316650 | 20 |
View Market Depth
| Last trade - 13.47pm 29/07/2024 (20 minute delay) ? |
| BOT (ASX) Chart |