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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I have a feeling you might be right @Jenduplex. SP is already...
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Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $3.882M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $424 | 116.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
31 | 23908060 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 16926626 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 23908060 | 0.003 |
16 | 50384166 | 0.002 |
13 | 86655000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 16830293 | 15 |
0.005 | 12289159 | 10 |
0.006 | 11690602 | 9 |
0.007 | 2386818 | 3 |
0.008 | 369843 | 2 |
Last trade - 11.09am 03/05/2024 (20 minute delay) ? |
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ADG (ASX) Chart |