In another thread, someone (sorry can't remember who)brought up the subject of eventual capital raising via SPP.
I know this is probably a fair way down the road and not currently the highest priority for the co and SH's, but I think it is important to consider the issue of how this ought to be done. On a fully diluted basis, EXM currently has over 1.9b shares on issue and no-one wants to see that diluted any more than necessary. In particular I am sure we don't want to see a big chunk of equity being gobbled up by insto's and "sophisticated investors" who walk right up to the back door in a SPP and get given preferential treatment over existing shareholders.
The fairest solution is to do a raising via an underwritten rights issue (preferably renouncable) as RIO did. AIO's disgraceful cap raising was just a pure gift to the big end of town and a jab with the Sh**y end of the stick to retail shareholders.
IMO it can't be too early to get a message to the Board that that is the clear wish of the shareholders when the time comes.
Any thoughts?
- Forums
- ASX - By Stock
- DSE
- capital raising procedure
capital raising procedure
-
- There are more pages in this discussion • 11 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 DSE (ASX) to my watchlist
|
|||||
Last
$2.75 |
Change
-0.020(0.72%) |
Mkt cap ! $192.1M |
Open | High | Low | Value | Volume |
$2.75 | $2.78 | $2.69 | $61.34K | 22.22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 569 | $2.70 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.79 | 455 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 569 | 2.700 |
1 | 10000 | 2.570 |
1 | 40 | 2.560 |
2 | 18000 | 2.550 |
1 | 1181 | 2.520 |
Price($) | Vol. | No. |
---|---|---|
2.790 | 455 | 1 |
2.800 | 4572 | 3 |
2.850 | 2755 | 2 |
2.900 | 390 | 1 |
2.950 | 345 | 1 |
Last trade - 15.58pm 01/07/2024 (20 minute delay) ? |
Featured News
DSE (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online