I have a feeling you might be right @Jenduplex. SP is already trading down at $0.006 (Chi-X) & $0.007 (ASX). That's a substantial discount to the CR offer price of $0.008 with the majority of buying interest much further down at $0.001. There are no free carrots (options) being offered, the CR isn't underwritten & the broader Market looks increasingly stormy which might dampen investor enthusiasm for throwing another $1.3m into ADG coffers.
During the past (2) years they've successfully raised cash via placement, however this time around things are more precariously positioned. I think clause 4.2 (q) in the Prospectus (pg. 22) is a reasonable magnifying lens for the latest CR offering. At this stage the survival outlook for ADG is less than ideal...'shizen houzen' is probably an appropriate description...
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Last
0.4¢ |
Change
-0.001(12.5%) |
Mkt cap ! $3.912M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $6.746K | 2.098M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
43 | 36361726 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 4558835 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
43 | 36361726 | 0.003 |
14 | 44440000 | 0.002 |
14 | 146355000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 4558835 | 7 |
0.005 | 9494925 | 13 |
0.006 | 9091000 | 6 |
0.007 | 7853301 | 8 |
0.008 | 1321320 | 3 |
Last trade - 12.54pm 21/08/2024 (20 minute delay) ? |
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