One good thing about not raising much is that the sell off after placement won’t have that much of an impact. If there wasn’t a procedural stuff up they would have issued approximately 10 m shares that may only be 5 m now. Of those some may have already sold existing holdings to take advantage of the spp, some may not sell after spp at all.
if there is a sell off it will be minor.
Im convincing myself that the sale has been done but they want to raise the $1-2.m. because it may take time to finally close out deal and receive cash, but definitive agreements and unconditional offer may be done this month straight after spp concluded.
Am I dreaming?
One good thing about not raising much is that the sell off after...
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Last
13.5¢ |
Change
-0.005(3.57%) |
Mkt cap ! $28.17M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.5¢ | $4.835K | 35.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9072 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 96683 | 3 |
View Market Depth
| Last trade - 15.21pm 18/06/2025 (20 minute delay) ? |
| MTC (ASX) Chart |