In response to sjl I think you should broaden the context in which this is all considered. There may be a large variety of reasons why shareholders may elect not to take up their entitlements in a capital raising - not the least of which may be "missing" shareholders with whom contact is lost.
There was a 45% take up of shares to which shareholders were entitled and from what I understand shareholders applied for approximately 1.4 additional shares for each entitled share.
In my estimation this effectively represents a 136% over-subscription rather than a 10% over-subscription and in the current adverse market conditions for small cap miners this is a great result.
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $54.61M |
Open | High | Low | Value | Volume |
20.8¢ | 21.5¢ | 20.5¢ | $9.32K | 44.75K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6906 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 7599 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6906 | 0.200 |
3 | 109449 | 0.195 |
1 | 30000 | 0.190 |
1 | 70000 | 0.185 |
1 | 29000 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 7599 | 1 |
0.215 | 72168 | 1 |
0.220 | 128012 | 4 |
0.225 | 36158 | 2 |
0.230 | 56228 | 3 |
Last trade - 15.30pm 23/08/2024 (20 minute delay) ? |
PEK (ASX) Chart |
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