Scotty this is the standard 10% placement capacity your referring, it refers to an additional capital-raising facility available to ASX-listed companies under Listing Rule 7.1A. It allows eligible small-to-mid-cap companies to issue up to 10% of their issued capital at a discount to investors, without needing shareholder approval.
Quite different to whats happening here.
As long as you are a believer you are fine, I dare say you will be able to get more 1 cent and under in coming weeks as company prices usually go to capital raise price and under after raises, and with this much dilution I dont think here will be different, one thing we got going though is it being over subscribed which is a positive.
ATH Price at posting:
1.2¢ Sentiment: Buy Disclosure: Held
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