If they were so confident with the approval why would they be doing a capital raise now and not after the approval has been given.
Why would they discount it more than 20% if they were confident of the approval, they could do 5% and still get the subscription amount.
This is the backstop incase the permit gets denied. They will still have funds in the account and the directors can still get paid for a long time. Only a few people winning with this raise.
If they were so confident with the approval why would they be...
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Last
2.4¢ |
Change
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Mkt cap ! $26.34M | |||
| Open | High | Low | Value | Volume |
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|---|---|---|
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
2.4¢ |
Change
-0.003 ( 7.34 %) |
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| Open | High | Low | Volume | ||
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| Last updated 15.56pm 03/05/2024 ? | |||||
| BPH (ASX) Chart |