It reads like they know they need more capital but do not want to do a raising when prices are so low. Sounds like they're going to try to get debt funding for part, wait till the stock is re-rated then possibly do a raising.
As an existing shareholder I'm not against that approach.
Tough to get lined up though and with the cash position getting so close to the edge it seems like a pretty bullish call from mgt. They're backing themselves, which I like to see.
It reads like they know they need more capital but do not want...
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Last
22.8¢ |
Change
-0.003(1.09%) |
Mkt cap ! $659.0M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.5¢ | $356.2K | 1.583M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 198256 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 2103572 | 14 |
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| Last trade - 10.38am 12/11/2024 (20 minute delay) ? |
| STX (ASX) Chart |