Well this is disastrous! - unless it's to gear-up to service a large contract(but I expect we would have heard about any new contract before announcing a cap raise). They have never accounted for the last capital raise(about 12 months ago) as we still don't know what they spent the money on and now they come cap-in-hand for more??
It will be interesting to see what the issue price will be and whatever it is I expect they will be available cheaper on-market when it dips below 10c. Of course that's assuming that it's not a raise by issuing only to sophisticated investors and us unsophisticated investors are ignored.
Be prepared for an all-time low sp. The dilemma here is whether to accumulate or bend over and take the loss to exit.
Yeah, I hate being right too.
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Last
7.6¢ |
Change
-0.004(5.00%) |
Mkt cap ! $21.78M |
Open | High | Low | Value | Volume |
8.3¢ | 8.3¢ | 7.6¢ | $19.93K | 252.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 39527 | 7.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.3¢ | 24240 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 26370 | 0.076 |
3 | 276910 | 0.075 |
1 | 30000 | 0.072 |
1 | 19000 | 0.071 |
3 | 112150 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 24240 | 1 |
0.085 | 11776 | 1 |
0.089 | 1416 | 1 |
0.090 | 295000 | 3 |
0.095 | 114943 | 3 |
Last trade - 12.58pm 12/07/2024 (20 minute delay) ? |
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