I think they likely will issue more shares. Whether they issue a SPP to retail holders or just go to instos for 15% who knows. Regardless, I think 2 thinks need to happen.
1. They need to make some meaningful progress and good announcements to lift interest and get the SP off the floor prior to raising capital.
2. The raise needs to be linked to funding the next phase of development and driving the company forward.
Worst case scenario is they raise money at current depressed levels for the purpose of maintaining the status quo and paying director salaries.
- Forums
- ASX - By Stock
- BLU
- BLU Blu SKY were the limit
BLU Blu SKY were the limit, page-3
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BLU (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $16.65M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 650262 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 1246805 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 650262 | 0.008 |
13 | 5813127 | 0.007 |
6 | 9880000 | 0.006 |
5 | 8850000 | 0.005 |
3 | 6750000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 1246805 | 6 |
0.010 | 2023634 | 8 |
0.011 | 1898820 | 4 |
0.013 | 40000 | 1 |
0.015 | 348571 | 2 |
Last trade - 16.12pm 01/10/2024 (20 minute delay) ? |
Featured News
BLU (ASX) Chart |
Day chart unavailable
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online