It's mostly positive.
The board are obviously nervous about the options not being exercised, and have found someone to underwrite them.
A fee will be incurred in doing so, but if the options aren't supported then another capital raising would be required sooner than is ideal, and that would have even more fees incurred.
So it's a sensible move by the board to get it over the line. Obviously it would be ideal if the options could be fully supported without this, but c'est la vie.
Nothing to worry about.
Cheers
Ann: Trading Halt, page-8
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Last
$1.07 |
Change
-0.025(2.28%) |
Mkt cap ! $2.564B | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.10 | $1.07 | $7.814M | 7.263M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 98271 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 14861 | 2 |
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| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| DEG (ASX) Chart |