High risk here for those willing to offer capital.
The company will have no choice but to take what they can get or this will be suspended for months or years.
Anything more than 8 cents a share with a one for two free option would be a very good outcome for the company in the short term only.
I suspect like many companies that do cap raises when in a desperate position that the share price will fall well below the cap raise price within a month of the raising.
Ann: Trading Halt, page-46
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Last
6.3¢ |
Change
-0.003(3.85%) |
Mkt cap ! $104.5M | |||
| Open | High | Low | Value | Volume |
| 6.5¢ | 6.5¢ | 6.2¢ | $253.6K | 3.999M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 2648502 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 106843 | 12 |
View Market Depth
| Last trade - 12.45pm 24/05/2024 (20 minute delay) ? |
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Last
6.3¢ |
Change
-0.003 ( 3.82 %) |
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| Open | High | Low | Volume | ||
| 6.5¢ | 6.5¢ | 6.2¢ | 1484975 | ||
| Last updated 12.54pm 24/05/2024 ? | |||||
| LKE (ASX) Chart |