Financing that was approved via SH vote which seems to have come about from those that 'allegedly' renegged on their placement commitments; one of those has now become a board member and company is chasing monies owed from. PR is not the sole reason the stock is at this level.
The balance sheet remains the same. A highly dilutive recap via underwritten rights issue seems the best bet if SH have deep enough pockets and faith. If PR does depart, you've got the potential overhang of his stock to contend with too.
Even wording of today's announcement is shambles on AEE's behalf.
Ann: Results of General Meeting, page-10
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Last
14.0¢ |
Change
0.010(7.69%) |
Mkt cap ! $115.7M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $125.5K | 895.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 17965 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 288847 | 8 |
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| Last trade - 10.45am 26/08/2024 (20 minute delay) ? |
| AEE (ASX) Chart |