For ASIC to act, they need the specific rule that company is breaking.
Eg. on dilution below is what ASIC says. So what I understand (might be wrong) is companies can issue 15% shares every 12 months regardless of cash balance.
Ann: MLS Raises A$3.5M at a 40% Premium to Accelerate Lac Rainy, page-38
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Mkt cap ! $15.56M | |||
| Open | High | Low | Value | Volume |
| 2.2¢ | 2.2¢ | 2.1¢ | $36.12K | 1.663M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 2 | 294189 | 2.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 2.3¢ | 77282 | 2 |
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| Last trade - 14.39pm 27/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 2.1¢ | 2.2¢ | 2.1¢ | 126018 | ||
| Last updated 14.39pm 27/05/2024 ? | |||||
| MLS (ASX) Chart |