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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9.0¢ |
Change
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Mkt cap ! $131.0M |
Open | High | Low | Value | Volume |
8.9¢ | 9.5¢ | 8.9¢ | $174.4K | 1.901M |
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No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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1 | 284548 | 0.090 |
2 | 131741 | 0.089 |
2 | 150000 | 0.088 |
1 | 100000 | 0.087 |
3 | 231226 | 0.086 |
Price($) | Vol. | No. |
---|---|---|
0.092 | 12030 | 1 |
0.093 | 4374 | 1 |
0.094 | 74222 | 2 |
0.095 | 129794 | 3 |
0.096 | 401389 | 2 |
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