Okay, i confess. I predicted theplacement would be at above market but actually it was at market.
By my simple calculation, 180 million shares at 1.1 cents roughly translates to almost $2 million into the bank. This buys a lot.
And then Mr Chinalco pops up with a substantial shareholder notice of 8%.
Congratulations to the board on hooking the big one.
For shareholders, the future just became a lot rosier.
Capital Raise speculation Icg, page-209
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $6.160M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $6.901K | 1.234M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 2371494 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 2230843 | 6 |
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| Last trade - 14.40pm 08/11/2024 (20 minute delay) ? |
| ICG (ASX) Chart |