It supports the company by providing it capital to continue operations. This is obvious and does not really even warrant an answer.
It dilutes the shareholders, which are not the company.
A capital raise always benefits the company balance sheet.
In fact, I'd way prefer dilution via a capital raise issued to retail shareholders compared to the wanton issuing of shares via perfromance rights etc.
It supports the company by providing it capital to continue...
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Last
46.3¢ |
Change
0.003(0.54%) |
Mkt cap ! $16.62M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.3¢ | 46.0¢ | $50.85K | 110K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 484481 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.5¢ | 97642 | 3 |
View Market Depth
| Last trade - 15.17pm 05/07/2024 (20 minute delay) ? |
| SCL (ASX) Chart |