Looks like they only managed to raise $3m out of a possible $13m, so there is $10m of shortfall shares to place. They certainly will need some good news to place these shares.
The overhang should cap the price at 19c for a while!
Ann: Results of Non-Renounceable Entitlement Offer and Shortfall, page-4
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10.0¢ |
Change
-0.020(16.7%) |
Mkt cap ! $68.98M | |||
| Open | High | Low | Value | Volume |
| 9.7¢ | 10.5¢ | 9.4¢ | $298.5K | 3.002M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 307013 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 148777 | 5 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| NMT (ASX) Chart |