The cap raise will probably still raise about $10 million. I now do not see the necessity for an options issue as the cap raise will be successful & will raise about $8 million over what is necessary.
If the share price finishes in excess of $2.00 tomorrow then I would expect the rights price to be at least $1.50. Therefore, something like a 1 for 20 rights issue should be what is required to raise the cash.
Ann: Trading Halt, page-84
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Last
50.0¢ |
Change
0.015(3.09%) |
Mkt cap ! $73.48M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 50.0¢ | 48.0¢ | $33.83K | 69.13K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1555 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 2480 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| SMN (ASX) Chart |