So basically they are raising at 13c per share accounting for ownership dilution. $5m raised would increase listed shares by 48m. Approximately diluting share ownership by 20%. 10.5c is a 20% discount on 13c.
Given the recent raise in the share price, this is a fair result. Not a poor nor a fantasic result.
With money in the bank they can play hard ball with Wogen to obtain more favourable terms. Will be interesting how this washes out.
Ann: Trading Halt, page-27
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Last
35.5¢ |
Change
-0.015(4.05%) |
Mkt cap ! $111.5M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 34.0¢ | $698.7K | 1.956M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46965 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.5¢ | 5222 | 1 |
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| Last trade - 13.42pm 04/10/2024 (20 minute delay) ? |
| LRV (ASX) Chart |