That's a cheap price, but if we assume it is the full $8M in the raise and the full $2M gets taken up in the SPP, that's $10M so will be 74M shares issued @ $0.135. Considering there are 1.4B shares outstanding, that's only 5% dilution so very little pain for current shareholders. So the raise is clearly just a bridging measure until they're ready for the full mine finance deal as they don't need much cash - just enough to keep the lights on and the drill bit turning.
Ann: Trading Halt, page-10
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Last
16.8¢ |
Change
0.003(1.52%) |
Mkt cap ! $248.8M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.8¢ | 16.5¢ | $191.2K | 1.159M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 341740 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 1952534 | 30 |
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| Last trade - 10.29am 10/07/2024 (20 minute delay) ? |
| SVL (ASX) Chart |