In October 2017, they raised AUD 6.5 million at AUD 0.11 per share to finance the feasibility study. A total of 60 million new shares.
The share price stands at 7.9c. If you want to collect AUD 5 million, I expect 75 million new shares for 6.5c.
The shares may also be issued to institutional investors who pay a premium and receive warrants for them.
The last millions of warrants expired in 2018. It was clear that SVM would need money.
Other thoughts?
In October 2017, they raised AUD 6.5 million at AUD 0.11 per...
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Last
76.0¢ |
Change
-0.010(1.30%) |
Mkt cap ! $491.6M | |||
| Open | High | Low | Value | Volume |
| 76.5¢ | 77.5¢ | 75.0¢ | $495.7K | 651.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 32631 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 77.0¢ | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 22/07/2025 (20 minute delay) ? |
| SVM (ASX) Chart |