Much excitement here but this is a very underwhelming announcement.
So, we swap Nobles $2.4m debit for equity at todays value
So, we enter into another placement to obtain the $1.7m at todays value
So, we issue 476,000,000 to Mr T at 2.1c (call it todays value)
For not a lot of gain.
If many believe that we were due for a re-rate on near newsflow and progress then why would be happy that so many shares are given away for so little gain??????????????????
Ann: Proposed Early Development of Ovoot with Financing Package, page-27
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Last
35.0¢ |
Change
-0.010(2.78%) |
Mkt cap ! $177.6M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 37.0¢ | 35.0¢ | $46.54K | 129.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22661 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 3500 | 1 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| AKM (ASX) Chart |