Old son, it is in plain English. Rights issue was @ 0.025 per share, current share price 0.014 -
Therefore much cheaper to buy shares on market, not many participated leaving a placement shortfall of 130m+. Hopefully the share price moves up and shortfall can be placed with bigger players within the next three months.
I still believe in this company, can produce in brazil money for 40 and sell fro 100+
Just need to get it up and running.
FYI - go to ASX site and have a read about rights issues, shortfalls etc.
Cheers
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Last
39.5¢ |
Change
-0.030(7.06%) |
Mkt cap ! $196.1M | |||
| Open | High | Low | Value | Volume |
| 42.0¢ | 42.5¢ | 39.0¢ | $318.9K | 774.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10820 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 144000 | 4 |
View Market Depth
| Last trade - 16.15pm 01/08/2025 (20 minute delay) ? |
| CTM (ASX) Chart |