In today's ASX announcement:
Short term capital management
A key requirement of the short term capital management plan is to ensure that sufficient equitycapital is available to support the Company and recapitalise its balance sheet. As such, to ensurecompliance with financial covenants and support the ongoing origination of receivables theCompany intends to raise additional equity of approximately $25m (before transaction costs). TheCompany will update the market as it progresses to achieving this outcome.
At what price though? Will current shareholders support this? Does not look promising IMO.
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Last
7.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.259M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 88888 | 7.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.4¢ | 171111 | 1 |
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| Last trade - 09.05am 18/06/2025 (20 minute delay) ? |
| AXL (ASX) Chart |
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