IF its defensive then waiting for shareholders approval is too slow, predator will put the vote to shareholders at any next meeting.
I think we have to trust the board, they do not appear to have any issue raising funds so it’s probably not for a rainy day. We are fully funded up to economic cases for both sites.
the only other reason may be acquisition, which can never be ruled out especially in the current market there could be so land they have had their on and could now get.
Providing you do not need the funds there is potentially (not advise) value in waiting to see what happens and let the board get on with executing their strategy.
IF its defensive then waiting for shareholders approval is too...
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Last
26.5¢ |
Change
0.010(3.92%) |
Mkt cap ! $130.7M | |||
| Open | High | Low | Value | Volume |
| 27.5¢ | 27.5¢ | 25.8¢ | $263.8K | 983.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32154 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 4894 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ARR (ASX) Chart |