Having seen a failed cap raise in another investment, its also not a shoo-in that the SPP will be a success when a) the market price can drop below the raise price, and b) this coincides with loss of faith in management by retail. Makes the decision to go for $5m only from sophs a little more concerning if they they had just assumed the SPP would cover remaining needed operational cash.
Not to cross-pollinate, but 3DP holders will know what i mean, they got about $200k from an SPP aiming to raise (i think, memory not great) about $1.6m.
Probably a small risk, but it is there nonetheless.
Ann: Quarterly Activities Report & Placement Announcement/App 4C, page-42
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Last
5.8¢ |
Change
-0.002(3.33%) |
Mkt cap ! $77.86M | |||
| Open | High | Low | Value | Volume |
| 6.0¢ | 6.0¢ | 5.7¢ | $76.91K | 1.327M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 335963 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 193750 | 2 |
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| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
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Last
5.9¢ |
Change
-0.002 ( 0.85 %) |
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| Open | High | Low | Volume | ||
| 5.9¢ | 5.9¢ | 5.7¢ | 677662 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| ALC (ASX) Chart |