No surprise a cap raising was about to happen. Even so, I think companies like DEG should plan better and do any cap raising ahead of the last minute. I think they miss opportunities at higher prices because they hold out hope of better share prices until they then have no option left but to raise funds at a low point.
I am anticipating we will soon have 3x the shares we had a couple of years ago... and not surprisingly they are currently worth about 1/3 what they were back then. A vicious cycle... the number of shares added to fund exploration keeps growing. It is good to be the "bold explorer" but we need a solid outcome.... beyond a 1% royalty here or there.
Elisby1
Ann: Trading Halt , page-4
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Last
$1.14 |
Change
0.050(4.59%) |
Mkt cap ! $2.732B | |||
| Open | High | Low | Value | Volume |
| $1.12 | $1.15 | $1.10 | $13.39M | 11.83M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 380096 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 204419 | 5 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DEG (ASX) Chart |