They are allowed to raise 15% per year without shareholder approval. CR is normallybat around 10% discount. So they could get close to $30m if they wanted to.
If it is a cornerstone investor, id be happy to see 15% or even more, but that would require EGM for shareholders to vote.
if not cornerstone, hopefully they only do $10m odd like you say and then raise again after the 10 builds and first 3 hadrians ordered.
They are allowed to raise 15% per year without shareholder...
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Last
3.6¢ |
Change
-0.002(5.26%) |
Mkt cap ! $173.6M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.8¢ | 3.6¢ | $314.3K | 8.515M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 4409705 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 565262 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| FBR (ASX) Chart |