@stevo004
Hey mate,
Of course that's possible, but dilution is still dilution and it's largely irrelevant who owns those additional 15-25% shares on issue. All that really matters is the intended use of the funds, and whether it builds shareholder value. The upper limit is 25% or 350m shares, and if that occurs at a 20% discount from the current price (10 cents discounted rate), it would only generate A$35m, which falls far short of the reported 10 ktpa expansion budget of US$250m or A$380m.
It seems far more plausible that the forthcoming cap raise will primarily address the operational challenges of the 2 ktpa plant and may include some pre-works spending for the 10 ktpa expansion. However, this still leaves a significant expansion funding gap of over 90%, requiring around A$350m, double AGY's current market cap.
To my knowledge, no lithium developer/producer has ever secured a debt deal or pre-paid offtake equivalent to twice their market cap.
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Last
4.1¢ |
Change
0.002(5.13%) |
Mkt cap ! $61.14M |
Open | High | Low | Value | Volume |
3.9¢ | 4.4¢ | 3.9¢ | $221.3K | 5.341M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000000 | 4.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.3¢ | 698975 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1173082 | 0.041 |
2 | 1400000 | 0.040 |
7 | 3192864 | 0.039 |
10 | 750742 | 0.038 |
17 | 1496230 | 0.037 |
Price($) | Vol. | No. |
---|---|---|
0.042 | 74119 | 7 |
0.043 | 679602 | 8 |
0.044 | 1721756 | 8 |
0.045 | 432095 | 5 |
0.046 | 319969 | 4 |
Last trade - 13.49pm 16/08/2024 (20 minute delay) ? |
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