Yes - $1.36 for a cap raising, if suggested a month or two ago, would have seemed silly.
And ARU doesn't have anywhere near the number of shares on issue as, say, LYC does, so would be able to withstand a bit of dilution.
No - it's just the screwing of the little players by the insiders that gets up my nose. As someone suggested above, perhaps they should have to go into a trading halt BEFORE they sound out the instos and other major holders re a cap raising....
Cap raising is OK. (but not too often)
Insider trading and manipulation is most definitely NOT OK.
Yes - $1.36 for a cap raising, if suggested a month or two ago,...
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $427.4M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.0¢ | $622.1K | 3.370M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 2383835 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 365706 | 10 |
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| Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
| ARU (ASX) Chart |