You'll probably find they are trying not to repeat the errors of ODN. So ODN had to do a rights issue at 1.2cents to complete their DD. This most likely is what impacted their meteoric share-price rise. Whereas, EXM are doing it early, so they don't have to do it again and have $$ to complete their DD once they have an acquisition.
Just a theory.
Ann: Placement under Listing Rule 7.1 using the 15% capacity, page-14
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Last
$4.37 |
Change
0.010(0.23%) |
Mkt cap ! $307.0M | |||
| Open | High | Low | Value | Volume |
| $4.27 | $4.37 | $4.26 | $221.6K | 51.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1949 | $4.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.37 | 969 | 2 |
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| Last trade - 16.10pm 14/11/2024 (20 minute delay) ? |
| DSE (ASX) Chart |