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.
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $204.6M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $1.074M | 9.082M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 191664 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 663693 | 14 |
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| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| SVL (ASX) Chart |