AML 0.00% 0.6¢ aeon metals limited.

Ann: Successful A$9.5m Placement and A$3m SPP Announced, page-6

  1. 3,331 Posts.
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    They just raised 9.5M, that's not just wages.

    What I mean is: If you were the 'significant investors' buying into the company near long term lows, you'd want to support the share price to demonstrate confidence and thereby increase your own chances of a return? Discounts are for when cap raises follow a sharp uptick in share price, i.e. the valuation has arguably gotten ahead of value.

    Conversely, raising at a discount to a low triggers the very response you've written.
 
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