Not sure if that resolution not carrying is a good or bad thing.
My take is that we need access to as much coin as possible if we are going to build a plant. At our current MC we are now constrained to raising ~$12m via a traditional placement.
I think i would rather have access to another $8m on top.
Is someone going to stump up an $88m loan? Will this other mob do a placement for working capital (prior to FID) and will the fact the extra 10% got knocked back be used as an excuse? Either way if it’s to Traxy it’s still dilution.
If a rights issue is done how much can we raise via it (allowed by ASX) and how much take up will it get?
As I’ve said before I just want the next raise to be part of an overall package to build the plant. If it’s keeping the lights on / paying wages while we sort finance it’s not looking good.
- Forums
- ASX - By Stock
- ADN
- Ann: Results of Meeting
Ann: Results of Meeting, page-4
- There are more pages in this discussion • 91 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ADN (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $52.87M |
Open | High | Low | Value | Volume |
1.8¢ | 1.8¢ | 1.7¢ | $27.87K | 1.569M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
42 | 18955360 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.8¢ | 227588 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
42 | 18955360 | 0.017 |
32 | 7095515 | 0.016 |
22 | 5384764 | 0.015 |
5 | 1319278 | 0.014 |
4 | 2776923 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 227588 | 1 |
0.019 | 4349180 | 16 |
0.020 | 5086266 | 22 |
0.021 | 3014035 | 7 |
0.022 | 1863910 | 8 |
Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
|
|||||
Last
1.8¢ |
  |
Change
-0.001 ( 2.78 %) |
|||
Open | High | Low | Volume | ||
1.8¢ | 1.8¢ | 1.7¢ | 768207 | ||
Last updated 15.54pm 27/05/2024 ? |
Featured News
ADN (ASX) Chart |