I have held varying amounts of SRN for over 5 years and have been very optimistic about it's future.
My question/concern is; why would they issue nearly 1 billion in shares and options at such a low price just prior to significant news if they were confident it was going to be good news.
If they needed to raise now, why not raise half that amount and revisit in 6 months when the price his higher? I really would like to know others views.
Ann: Placement and Rights Issue to raise up to approx $4.62M, page-6
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.457M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $160 | 79.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 7788681 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 30297852 | 19 |
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| Last trade - 10.02am 30/07/2025 (20 minute delay) ? |
| SRN (ASX) Chart |