With current market conditions, I think raising will be difficult. Gold stocks along with everything else have been sold off. AAR was remarkably resilient last week but no way it would have been on this week if it wasn’t in a trading halt.
AAR have only raised $1-1.5m over last few years at close to market prices. They need to raise $2-3m to increase drilling but think that might be very optimistic.
Whilst I am interested in raising price, I want to see the funds raised to increase the share price - I am not worried about dilution just the value of my shares.
With current market conditions, I think raising will be...
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Last
10.0¢ |
Change
0.003(3.09%) |
Mkt cap ! $93.51M | |||
| Open | High | Low | Value | Volume |
| 9.8¢ | 11.0¢ | 9.7¢ | $267.1K | 2.661M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 169111 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 302796 | 4 |
View Market Depth
| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| AAR (ASX) Chart |