The prospectus for the rights issue makes for scary reading
"On the basis that the Offer is fully subscribed, the funds raised are forecast to cover the costs of the Offer and operational/working capital expenditure expenses to September 2024"
"If only the Minimum Subscription is achieved, the funds raised are forecast to cover the costs of the Offer and operational/working capital expenditure expenses to July 2024."
So at BEST these guys need more money in another five months. And that doesn't even account for the $200m+ owed to Twiggy in 18 months!!
Ann: Renounceable Rights Issue to Support Yangibana Development, page-26
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29.0¢ |
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Mkt cap ! $54.77M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.5¢ | 29.0¢ | $34.36K | 118.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 75386 | 28.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 29.5¢ | 78277 | 6 |
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| HAS (ASX) Chart |