NRZ is planning to raise $2m in the coming months "The Group plans to complete an equity raise in the quarter ended 30 June 2024, and has signed a
mandate for the appointment of a Lead Manager for a private placement of approximately $2m of shares."
If we assume that placement is done at 0.2 cents (a discount to the current price), NRZ will need to issue another 1 billion shares. NRZ currently has 1.5b shares on issue. There is some heavy dilution coming our way.
Ann: Half Year Accounts, page-7
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Mkt cap ! $9.512M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $7.597K | 1.607M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 23064843 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 14619540 | 7 |
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