So how are they going to fund the acquisition? They have already said they will seek shareholder approval to place shares beyond the 15% rule. I would say they would need at least AUD$10 million to fund acquisition and a healthy exploration budget (current mkt cap $9 million). Unless they see a run on the share price, we will be looking at a massive discount, and a doubling of the shares on issue (not to mention the plethora of performance rights).
For this reason I sold out today. I'll buy back in post acquisition when the share price is 15c.
Good luck to all.
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Last
6.7¢ |
Change
0.004(6.35%) |
Mkt cap ! $17.80M |
Open | High | Low | Value | Volume |
6.4¢ | 6.9¢ | 6.4¢ | $35.11K | 528.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 5148 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 47278 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12000 | 0.065 |
1 | 9750 | 0.063 |
1 | 8333 | 0.060 |
1 | 5600 | 0.059 |
2 | 27000 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 47278 | 1 |
0.070 | 1585916 | 1 |
0.075 | 6000 | 1 |
0.076 | 58127 | 1 |
0.077 | 5885 | 1 |
Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
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