Key will be how far over the $45m will Bruce allow it to go...
I'm personally excited by it all - shows the market is very much awake to us and has taken confidence out of the DFS.
However, with numbers being thrown around like $60m and $100m bids, I do wonder - how much do we really need? Especially with potential USA funding around the corner, offtakes that will likely come with a deal to help build infrastructure, etc etc
The $45m is equivalent to 125m shares. $60m is equivalent to approx 166m shares. $100m adds 277m shares.
I must stress - IMO cash in the bank builds even MORE confidence and I believe will set the SP up for plenty more All Time Highs in the months to come, but... Dilution is definitely on my mind and I'd love to hear people's thoughts on -
'How much we really need' vs 'The message a massive oversubscription sends to the market' vs 'You can't beat lots of cash in the bank'
Aaaaaannnddddd.... GO
Key will be how far over the $45m will Bruce allow it to...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $141.9M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $216.0K | 2.029M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 300000 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 83571 | 3 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
0.005 ( 4.66 %) |
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| Open | High | Low | Volume | ||
| 10.8¢ | 11.0¢ | 10.5¢ | 819698 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| ASN (ASX) Chart |