Absolutely legal & the board chose to continue with the transaction knowing full well they would dump on market. But honestly, that was their only option at the time as they needed quick cash.
And again, similar will happen with any further raises of capital.
Ann: Response to ASX Price Query, page-12
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 (20min delay)
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $5.114M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.4¢ | 0.3¢ | $19.12K | 6.266M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 56 | 52096822 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 20905065 | 23 |
View Market Depth
| Last trade - 15.53pm 19/07/2024 (20 minute delay) ? |
| AAU (ASX) Chart |