yes, another placement would be the obvious funding alternative to the options if more cash is required.
if supply contracts provide $ commitments, then a loan may be the another.
As you rightly suggest, the options don’t actually guarantee further cash injections to the company, but they do guarantee an overhang of supply at low prices which suppresses share price appreciation, limits funding options, and increases dilution.
I can’t see any merit at all in the options. They just gift the new sophs a free stake in the company at the expense of all shareholders.
the introduction to new investors has been made. If they like what they see, let them buy on market and allow true price discovery to take place.
id bet it’s well north of 5 cents once the artificial supply at 2.5, 3.5 and 5 is off the table.
- Forums
- ASX - By Stock
- ADO
- Ann: Operational Update - Clean Energy Technology
Ann: Operational Update - Clean Energy Technology, page-102
-
- There are more pages in this discussion • 85 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADO (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.90M |
Open | High | Low | Value | Volume |
1.9¢ | 1.9¢ | 1.9¢ | $23.42K | 1.233M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1142321 | 1.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.0¢ | 339684 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 1142321 | 0.019 |
10 | 1338162 | 0.018 |
5 | 807891 | 0.017 |
5 | 1629529 | 0.016 |
7 | 1203869 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.020 | 339684 | 2 |
0.021 | 592746 | 5 |
0.022 | 505000 | 2 |
0.023 | 420000 | 2 |
0.024 | 164509 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
Featured News
ADO (ASX) Chart |