IPT 3.23% 1.6¢ impact minerals limited

Ann: Trading Halt, page-20

  1. 1,173 Posts.
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    Today is April 26. Exactly a year ago - on April 26, 2022 - IPT announced a rights issue to raise up to $6m.

    Issue price was 1.1c., a 27% discount to the then current price of 1.5c.

    At the time, chairman Peter Unsworth said  “...With this rights issue Impact will be funded for two to three years."

    I trust directors offer some explanation for their decision to now contradict their chairman's forecast.

    They're due to post details of the latest CR - along with the March Quarterly - on Friday this week.
 
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