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
8.0¢ |
Change
-0.006(6.98%) |
Mkt cap ! $116.4M |
Open | High | Low | Value | Volume |
8.6¢ | 8.7¢ | 7.9¢ | $402.0K | 4.882M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12500 | 8.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.1¢ | 176753 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12500 | 0.080 |
6 | 145465 | 0.079 |
6 | 577820 | 0.078 |
1 | 20000 | 0.077 |
3 | 160000 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.081 | 176753 | 2 |
0.082 | 446400 | 4 |
0.083 | 111144 | 2 |
0.084 | 89842 | 2 |
0.085 | 923578 | 5 |
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