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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I just checked your claim and it appears you are incorrect mate....
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Last
9.2¢ |
Change
0.011(13.6%) |
Mkt cap ! $133.9M |
Open | High | Low | Value | Volume |
8.4¢ | 9.6¢ | 8.3¢ | $761.7K | 8.626M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14047 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14047 | 0.092 |
2 | 60000 | 0.091 |
1 | 9034 | 0.090 |
2 | 111235 | 0.089 |
1 | 7500 | 0.087 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 10000 | 1 |
0.095 | 153809 | 2 |
0.096 | 20000 | 1 |
0.097 | 50000 | 1 |
0.099 | 500000 | 1 |
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