How so? Why not wait for another quarter of sales uplift (as evidenced this quarter) and raise at a better share price (as again demonstrated by the recent price recovery).
I bet you at these prices it'll be easily oversubscribed. Institutional investors simply can't get liquidity to enter and now management have given them that opportunity.
Ann: Placement & ANREO to raise up to 13.6m, page-3
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Last
18.0¢ |
Change
-0.005(2.70%) |
Mkt cap ! $54.97M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 18.0¢ | $15.05K | 82.01K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 43999 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 71011 | 1 |
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| Last trade - 14.28pm 06/09/2024 (20 minute delay) ? |
| CVB (ASX) Chart |