It’s not about hindsight it’s about prudent management. That’s what these guys are paid to do. They are not employed to second guess where the market will be.
The payment $ amount was a known the date was known. Because the rest was unknown it should have been de-risked and funds raised at the time of the transaction.
Ann: Underwritten $22M Capital Raising, page-68
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Last
$1.22 |
Change
-0.025(2.02%) |
Mkt cap ! $2.911B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.24 | $1.21 | $4.502M | 3.703M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32320 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 19426 | 4 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |