How on Earth did this item surface, rambleon? And how can the book on the placement be closed already without shareholders getting a sniff?
The article completely undermines the point of a trading halt if it can be relied upon - and it looks like it can. If it's true, it narrows down our weekend's speculations quite a bit! If Archer had asked IBM for money it would have been flooded, so Archer clearly wants to independently fund something urgently. Maybe something for the ADF; maybe cranking up to manufacture the lab on a chip; maybe.....the weekend stretches before us.
As for dilution, it's only about 13.8 million shares' worth or 6% so nothing too painful. I have shared HongKongPhooey's experiences of CRs with small-cap firms, but so far AXE has been the shining exception. I hope their integrity continues.
Roll on Tuesday.
Ann: Trading Halt, page-54
Add AXE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.0¢ |
Change
-0.010(3.85%) |
Mkt cap ! $63.71M | |||
| Open | High | Low | Value | Volume |
| 26.0¢ | 26.0¢ | 24.5¢ | $3.548K | 14.18K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 10738 | 25.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.0¢ | 1500 | 1 |
View Market Depth
| Last trade - 15.32pm 23/08/2024 (20 minute delay) ? |
| AXE (ASX) Chart |