There's no argument really though is there?The company has short term debt and no cash.
It has secured 55% of Shallows funding amounting to AU$76m debt, conditional on 45% remaining to be raised with equity.
So you've got to raise about AU$70m with an equity raise.
Current mcap is $70m.
So yes, a doubling of shares on issue at the current share price would get you there. 50% dilution.
Again I admire your optimism, I hope it works out well!
There's no argument really though is there? The company has...
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Last
2.1¢ |
Change
0.001(5.00%) |
Mkt cap ! $55.19M | |||
| Open | High | Low | Value | Volume |
| 2.1¢ | 2.1¢ | 2.0¢ | $307.3K | 15.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1217484 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.1¢ | 5066676 | 5 |
View Market Depth
| Last trade - 16.10pm 20/06/2025 (20 minute delay) ? |
| WWI (ASX) Chart |