Thanks for your reply JW Pepper. I also consulted chatGPT for those interested...
"Non-underwritten capital raisings...
Common in: - Smaller placements
- Rights issues without standby arrangements
- Offers where demand is expected to be strong
Benefits: - Lower costs (no underwriting fees)
- More flexible and quicker to execute
Drawbacks: - No certainty of full subscription
-Potential shortfall in required funds"
Seems reasonably positive as it suggests they expected demand to be strong and saves on underwriting fees.
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10.8¢ |
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Mkt cap ! $253.2M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 3100363 | 10.5¢ |
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|---|---|---|
| 11.0¢ | 498487 | 27 |
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| Last trade - 13.06pm 16/06/2025 (20 minute delay) ? |
| INR (ASX) Chart |