I think it’s smart - now new management can come in and say, “yeh prior management were off their heads saying we wouldn’t do another cap raise, because we desperately need one to fund our new mammoth project which has blown and smashed our bank”.
If they do one more cap raise at say 30cents - I don’t reckon it will be the kind that drops the share price back to 30c within weeks like the others - I reckon everyone will get on send it to the moon. Hope they do it, I’ll bring a briefcase.
Ann: Group CEO & MD departure & appointment of Executive Chairman, page-24
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Last
49.0¢ |
Change
0.010(2.08%) |
Mkt cap ! $1.405B | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 52.0¢ | 49.0¢ | $20.19M | 40.38M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 804608 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.5¢ | 76192 | 1 |
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| SGR (ASX) Chart |