Time will tell, but I'm hopeful they'll be able to get this away at $0.175 (400 million shares to raise $70 million). The last capital raise was deeply discounted because it was an emergency measure of a company with a liquidity crisis. This one looks like a measure they've chosen to undertake to ensure that profits flow to the company rather than paying an extortionate interest rate on debt. It adds $17 million per year to the bottom line, which is very significant for a company whose market cap is $184 million.
Time will tell, but I'm hopeful they'll be able to get this...
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Last
16.0¢ |
Change
-0.005(3.03%) |
Mkt cap ! $154.9M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $133.0K | 834.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 1124784 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 378378 | 13 |
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| Last trade - 13.59pm 19/06/2025 (20 minute delay) ? |
| AIS (ASX) Chart |