3 billion shares at 2c or 30 million at $2.00 - what's the difference?
Of course raising capital is dilutionary, but if the money raised is invested wisely then its obviously a win-win situation. That's the whole premise of the stock market!
Being able to process more ore more cheaply seems like a wise investment to me (assuming they can keep supplying the ore).
3 billion shares at 2c or 30 million at $2.00 - what's the...
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Last
13.8¢ |
Change
0.003(1.85%) |
Mkt cap ! $39.40M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.8¢ | 13.5¢ | $2.074K | 15.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21133 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 67030 | 2 |
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| Last trade - 15.46pm 25/07/2024 (20 minute delay) ? |
| FML (ASX) Chart |