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Evergrayeful

542 Posts.

371

26/10/23

11:28

Post #: 70549456
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Originally posted by Broken chair: ↑

The raise is being undertaken by Peak Asset Management. Peak is the number two largest shareholder. The terms are $0.04 per share with a 1:1 listed SBROB attaching option. The options have a strike of $0.06 and expiry of 30th April 2024. The raise will total $1.5 million and used for drilling Andover Northeast as well as working capital.

Lot of fury about this raise from some holders today. Remember every company needs to raise capital from time to time, even blue-chips. These funds will allow SBR to rapidly drill Andover Northeast. The share price will likely fall to the raise price on open so use it as an opportunity to buy at this price as I will. GLTAH.

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Thanks @Broken chair. Good that they are raising a very small amount.

While still not ideal, raising a small amount is a good sign to test the tenement - if they find something decent, then SH will not complain. This will all be history.

SBR Price at posting: 4.8¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 1.3¢		Change 0.001(8.33%)		Mkt cap ! $4.715M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$65	5.001K

Buyers (Bids)

No.	Vol.	Price($)
1	34999	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	447575	2

View Market Depth

No.	Vol.	Price($)
1	34999	0.013
3	502203	0.012
4	495573	0.011
3	422818	0.010
1	230000	0.009

Price($)	Vol.	No.
0.014	447575	2
0.015	53804	2
0.017	19500	1
0.018	187001	1
0.020	105442	3

Last trade - 11.13am 22/08/2024 (20 minute delay)

SBR (ASX) Chart