As a shareholder I'm sure you will have considered asking why the market (retail shareholders) are not able to participate in the $30M raising. Assuming the answers to my questions go the way I anticipate and the market will NOT be tapped for the 30M.
My figures of current cash holdings and the $3M minimum working capital covenant are based on the ASX anny's so he should be able to give you straight answers. As a holder you have a right to know who will be buying 30Million+ shares in the company and why/if you were not given the chance to participate and therefore maintain your relative ownership of the co.
As a shareholder I'm sure you will have considered asking why...
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Last
$2.80 |
Change
-0.040(1.41%) |
Mkt cap ! $492.1M | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.85 | $2.74 | $790.3K | 283.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1250 | $2.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.80 | 669 | 1 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| BMN (ASX) Chart |