It has been my experience that placements are described as over subscribed when the funding target is met. Even 1 share above the target qualifies. If demand is strong the oversubscription is generally partly accepted and announced as oversubscribed, all good PR.
The target of $10m seems likely, one of the sophisticated investors that got the offer email could confirm the number.
It has been my experience that placements are described as over...
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Last
14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $50.88M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 14.0¢ | 12.5¢ | $31.79K | 241.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 42489 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 433298 | 8 |
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| Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
| PH2 (ASX) Chart |