It's a new Placement share issue (i.e. in addition to the recently completed RI CR). This one raised another $700k using the existing new share issuance headroom capacity. The details of this Placement were included in this morning's $1.1M raising announcement (i.e. ~$400k placement relating to residual shortfall from the recently closed RI CR + $700k additional (new) placement to sophs and instos).
A combined ~$5.3M (gross) raised between the recent RI and this one which should buy them some time until the next one.
PS. There's likely, imo, to be some selling overhang over the near-term as the pros nuance the exit of their placement holdings for free-carry of the 20c 'blue sky' oppies.
It's a new Placement share issue (i.e. in addition to the...
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Last
8.2¢ |
Change
-0.001(1.20%) |
Mkt cap ! $32.21M | |||
| Open | High | Low | Value | Volume |
| 8.3¢ | 8.3¢ | 7.6¢ | $192.9K | 2.422M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 61055 | 7.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.2¢ | 50255 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
8.2¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 8.2¢ | 8.3¢ | 7.7¢ | 1016977 | ||
| Last updated 15.40pm 17/05/2024 ? | |||||
| EM2 (ASX) Chart |