That makes alot of sense to be honest.
They were able to buy up more before the 2nd placment knowing in their minds they would be committing to it!
Going from 10m shares to 14m shares with an avergae price of around $1.10.
Thanks for explaining your views! I based my commitment on my own research and comparisons but I figured you may know a reason why as your overview of thr company is honestly 2nd to none in my eyes!
The only question remains as to why the CR at $1.15 and not wait for a higher SP, but maybe its a deal with the instos to let them get a bite early and they commit to a big chunk down the line in future at a higher SP when we go for the raise of funds for production.
That makes alot of sense to be honest. They were able to buy up...
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Last
17.0¢ |
Change
0.005(3.03%) |
Mkt cap ! $80.57M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.5¢ | $420.7K | 2.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 334361 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 259700 | 6 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| GLN (ASX) Chart |