Hi ralli i assume from the numbers that your examples are in usd cents (10-40, 20, 50) 50 cents usd is around 75cents aud, nobody is going to buy new equity for 75c when the market price is 6c aud. Gbe are working hard to move the sp higher I guess because the next cr is soon unless other funding comes.
last year you suggested new shares could be sold at $1.40 so I guess your figures are moderating. Most cr’s are done at a discount not a premium. Can you give me an example on the asx where a cr was done at a premium of multiples? thanks aka Spider-Man
GBE Price at posting:
5.8¢ Sentiment: Buy Disclosure: Not Held
