This reminds me of ARE back when they were trading below the 1c mark. They did a Soph placement at a slight discount to the rights issue first and everyone got cross as all hell (it was at 0.55c compared to 0.6c for the rights issue). I participated and got scaled back by around 30% - few months later it went to 3c and all was forgiven.
Let's see if we can share a similar story here. I think the fact that the Chinese didn't take up their placement really put them in a conundrum and hence why they seem to be coming back for more. Hopefully they're using this rights issue to reward the loyal shareholders for the roller-coaster ride this stock has been.
IMO DYOR of course.
Ann: LCK Undertakes $5.14m Capital Raise Initiative, page-5
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Last
0.4¢ |
Change
-0.002(33.3%) |
Mkt cap ! $7.609M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.4¢ | $35.69K | 7.121M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 13501000 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1275998 | 3 |
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| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| NRZ (ASX) Chart |