The $12m Placement funds were received by the Company last Friday, in addition to the $12.6m in R&D rebates that went to paying down debt a few weeks ago. The Company will receive an additional $6m from the underwritten rights issue early next month (regardless of whether the share price is above or below 4.5c as it is underwritten, unless the underwriting is terminated). And will also receive $16m this calendar year in R&Ds rebate prior to end of calendar year which will fully extinguish debt. All this from the transaction presentation. So financial position is pretty good from my end?
DYOR and don't listen to the noise...
The $12m Placement funds were received by the Company last...
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Last
4.2¢ |
Change
-0.001(2.33%) |
Mkt cap ! $97.58M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.4¢ | 4.2¢ | $33.93K | 798.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1083464 | 4.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 402315 | 1 |
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| Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
| LMG (ASX) Chart |