The placement offer was far too cheap - no wonder it was taken up pronto. Still don't get why they couldn't have funded this from existing available cash since the offer was only for $3mill - would still have cash leftover and unused facility available - should it be required - plus, why didn't they place a spp to existing holders - it's not as though they were desperate for funds - though appearing that way?
As for sp market reaction - let's hope it's positive - if so, the uptakers are already smiling and of course holders may have a few too. Lets see how well the money will be spent next and how this current Q report shapes up.
In any event, at these levels, support does not seem to be a problem - though dilution means more SOI - could have been avoided. AIMO
The placement offer was far too cheap - no wonder it was taken...
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.03M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 99999 | 1 |
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| Last trade - 09.29am 01/08/2024 (20 minute delay) ? |
| CUF (ASX) Chart |
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