Why would that be the preferred option?
Debt is way cheaper than equity particularly when that equity keeps being raised at all time low MC levels.
I would rather get into production with a debt facility hanging over my head and then the means to make repayments rather than selling valuable equity at these levels.
10x
Ann: Trading Halt, page-42
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Last
13.0¢ |
Change
-0.015(10.3%) |
Mkt cap ! $77.48M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 14.5¢ | 12.0¢ | $661.8K | 5.067M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2200 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 716753 | 7 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| GLN (ASX) Chart |