I just checked your claim and it appears you are incorrect mate. AGY haven't included an additional 10% placement facility for the last couple of years. The last time AGY included a resolution for the additional 10% placement facility was in 2021, and there was a specific reason for it. They needed the additional 10% to cover the options included in the February 2021 cap raise (see below).
As @Kaeho pointed out, it seems abundantly clear that AGY is preparing for a significant cap raise in the near future. Upping the limit to 25% implies a cap raise of between 210-350m shares. At a discount of around 20% from today's closing price (the last one was at an 18.7% discount), that would yield $21-$36m. That's probably enough cash to keep trying with the 2 ktpa plant for another 12 months or so, and that's about it.
Not a great sign......
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Last
3.7¢ |
Change
-0.001(2.63%) |
Mkt cap ! $53.86M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.5¢ | $359.1K | 9.763M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 2015083 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.7¢ | 157403 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1965083 | 0.036 |
26 | 3441867 | 0.035 |
10 | 928154 | 0.034 |
16 | 2581525 | 0.033 |
4 | 1305000 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 150000 | 1 |
0.038 | 225179 | 1 |
0.039 | 287418 | 3 |
0.040 | 690961 | 6 |
0.041 | 2615000 | 2 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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