Very, very poor to do have to do a 25% discount for such a small...

  1. 9,181 Posts.
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    Very, very poor to do have to do a 25% discount for such a small amount of capital. But equally ridiculous that the share price is trading there for such a small raising.

    Here's how such a share capital raising should theoretically be valued, all things equal.

    Value of company before raise? 117.268 million shares x $0.20 = $23.45 million market cap.

    If that a fair valuation price for company....the addition of the cash raises the enterprise value of the company, but conversely the share issue diluted:

    Post raise value = (117.268 million shares x $.20) + (6.667 million shares x $0.15) = $24.45 million value (based on prior close)

    => $24.45 million mkt cap / (117.268 + 6.667 million shares) = $0.197 share price vs $0.20 close allowing for increase in enterprise value and dilution effect.

    Frankly anyone who didn't sell at $0.20 before this raise, but feels it is a sell <$0.197, without even considering the extra value the cash allows the company to potentially generate, is frankly mathematically inept (options a far smaller mathematical consideration, that I won't complicate the math with).
 
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(20min delay)
Last
1.0¢
Change
-0.001(9.09%)
Mkt cap ! $1.830M
Open High Low Value Volume
1.1¢ 1.1¢ 1.0¢ $6.453K 614.1K

Buyers (Bids)

No. Vol. Price($)
30 4363547 1.0¢
 

Sellers (Offers)

Price($) Vol. No.
1.1¢ 222937 1
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Last trade - 16.10pm 10/07/2025 (20 minute delay) ?
OSX (ASX) Chart
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