Hi daando37,
It might be a small piece of the puzzle, but they just gave away 19.37% of the company for $37,695,651.75 once you account for the conversion of the options. Surely they could of made the conversion price at around $1.50 or higher and that would help stage 2 construction costs.
$15m @ .46 32,608,695 shares. $15,000,000.00
$1.5m @ .46 3,260,869 shares. $1,500,000.00
Options 32,608,695 shares. @ .65 $21,195,651.75
Totals 68,478,259 shares for $37,695,651.75
Ann: Trading Halt, page-79
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Last
21.5¢ |
Change
-0.005(2.27%) |
Mkt cap ! $101.6M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.0¢ | 21.3¢ | $390.9K | 1.810M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 11195 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 144849 | 5 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
21.5¢ |
Change
-0.005 ( 2.27 %) |
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| Open | High | Low | Volume | ||
| 22.0¢ | 22.5¢ | 21.5¢ | 949802 | ||
| Last updated 15.57pm 05/06/2024 ? | |||||
| GLN (ASX) Chart |