I actually posted this last Friday.
I don't get why people are so scared of CRs. Especially in a company that has had a large re-rate and is clearly going to be producing product in the near term. It's smart capital management, if it is actually required. Given there is already over 2.5b shares on issue, raising another $10m would take around 100m shares, maybe less depending on SP movement. Hardly massive dilution.
Ann: Trading Halt, page-44
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Last
3.4¢ |
Change
-0.001(2.86%) |
Mkt cap ! $114.5M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.3¢ | $384.3K | 11.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2306118 | 3.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.5¢ | 627388 | 7 |
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| MAY (ASX) Chart |