Cadence Capital Limited (ASX Code: CDM) (‘the Company”) today announces it has
successfully raised $18 million at $1.43 through its Placement. This brings the total amount
raised through the Options exercise and placement to $137 million
37.9 million @ $1.43 = $54 mill.odd....the shortfall only got covered upto $18mill.
apart from the obvious,what else does this infer?
scared mrkt?
a slap in the face?
only 100 more shareholders ?
Ann: Placement, page-2
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| Open | High | Low | Value | Volume |
| 70.0¢ | 70.0¢ | 69.5¢ | $186.8K | 267.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 14845 | 69.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 70.0¢ | 273683 | 3 |
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