1. This convertible note issue is a gift which should have been offered to existing shareholders first. Also, why cancel the $100 million credit line which could have offset part of the raising. Am I missing something or is the Board lacking in financial ability?
2. I note we are also proceeding with doubling the Mt Weld processing output-The Malaysian plant cannot cope with the extra output-is there a market for it? & why are we spending money from a mates rate capital raising on it?
1. This convertible note issue is a gift which should have been...
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Last
$7.71 |
Change
-0.090(1.15%) |
Mkt cap ! $7.206B | |||
| Open | High | Low | Value | Volume |
| $7.78 | $7.80 | $7.59 | $17.72M | 2.310M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 16763 | $7.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.73 | 13637 | 5 |
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| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |