Old mate is concerned about the constant raise’s which are extremely dilutive. Of course this is common practice at this end of the market! This should concern all shareholders! The usual process is release some positive news and hope the shares rise in value. Then do the CR on less dilution. But the bottom line is this can only work for so long. This stock must just about be at end of its run. They will simply run out of funders. Hope not , of course, but they can’t just keep doing this, year on year
Old mate is concerned about the constant raise’s which are...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.371M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $2.035K | 678.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 31 | 63726689 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 34783348 | 19 |
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| Last trade - 14.55pm 21/06/2024 (20 minute delay) ? |
| GMN (ASX) Chart |