Downside: It will knock the stuffing out of the SP for a while, and retail shareholders get diluted again.
Upside: About an additional 12 months of operating cash for the co and retail shareholders can top up at lower price (if they wish)
The announcement is probably a glass half full situation.
.
Ann: Trading Halt, page-20
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Last
31.3¢ |
Change
-0.008(2.34%) |
Mkt cap ! $458.1M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.8¢ | 31.0¢ | $534.1K | 1.690M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 526092 | 31.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.5¢ | 78374 | 23 |
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| Last trade - 13.17pm 03/10/2024 (20 minute delay) ? |
| IMM (ASX) Chart |