Best thing they could do is cancel the SPP and do a 1:2 rights issue at $0.035 inc a free option (essentially forcing shareholders to commit or be diluted heavily). Then maybe management don't want to stump up more cash...
I don't know the history of the debt facility but that has been there for way too long and should have been dealt with by now. Hope there's not a market cap covenant on the debt?
Ann: Share Purchase Plan Launched to Fund Growth, page-14
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Last
1.5¢ |
Change
-0.002(11.8%) |
Mkt cap ! $5.156M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.7¢ | 1.5¢ | $10.65K | 688.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 171498 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 215000 | 2 |
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| Last trade - 16.10pm 28/05/2024 (20 minute delay) ? |
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Last
1.6¢ |
Change
-0.002 ( 11.1 %) |
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| Open | High | Low | Volume | ||
| 1.6¢ | 1.6¢ | 1.6¢ | 6250 | ||
| Last updated 15.25pm 28/05/2024 ? | |||||
| MPR (ASX) Chart |