my understanding is that they are seeking to raise $4 million at 85 cents with discretion to take a further $2 million is oversubscribed. Money is to tide them over until Sonic deal consummated. So very little dilution overall and a conservative but prudent management of their capital position. At this stage is looks like only sophs will get a look in. Euroz currently have a $1.55 price target in them but that is under review and doesn’t take account of the likely positive impact of the Sonic transaction.
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Last
37.5¢ |
Change
-0.020(5.06%) |
Mkt cap ! $61.38M | |||
| Open | High | Low | Value | Volume |
| 39.5¢ | 39.5¢ | 37.5¢ | $53.53K | 141.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 38.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 7706 | 4 |
View Market Depth
| Last trade - 11.22am 28/07/2025 (20 minute delay) ? |
| PIQ (ASX) Chart |