"It is understood Imdex is homing in on Norway-based Devico, a 30-year old core drilling services supplier to the mining industry and with a global distribution network."
https://www.copyright link/street-t...-m-and-a-target-mulls-raising-20230117-p5cd7t
I would be supportive as long as the target is not into actual drilling themselves. I hope they will have a nice tradeable rights issue or something fair to share-holders. Placements stink for the future share price, as you worry you will be diluted again in the future. However the BOD and management have been making great decisions - even with hindsight in the time of troubles in 2015 and 2016 when I was lucky enough to have bought in.
Ann: Trading Halt, page-4
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$2.19 |
Change
-0.020(0.90%) |
Mkt cap ! $1.118B | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.22 | $2.17 | $5.091M | 2.319M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1361 | $2.17 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 8114 | 1 |
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