There are really too many variables in play to calculate this with any kind of certainty.
Ruling out the variables and assuming that the share price remains at 6.5c you are looking at 76, 923, 076 shares to raise 5 mil with no discount to market price.
Assuming a discount will be offered to attract investors (Let's say 10% of monthly average), with monthly average at 6.5 (again assuming SP doesn't change over coming months). We would need to sell 854,700,854 shares at a price of 5.85c to raise 5 million.
BTW If there is still no solid income, I would assume they will attempt to raise more than 5 mil..
- Forums
- ASX - By Stock
- BRN
- I Want To Believe
I Want To Believe, page-555
-
- There are more pages in this discussion • 1,451 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BRN (ASX) to my watchlist
(20min delay)
|
|||||
Last
24.5¢ |
Change
-0.030(10.9%) |
Mkt cap ! $480.8M |
Open | High | Low | Value | Volume |
26.0¢ | 27.0¢ | 24.0¢ | $4.928M | 19.44M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
35 | 1304197 | 24.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.0¢ | 839958 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
33 | 1301197 | 0.245 |
78 | 2228316 | 0.240 |
39 | 1426941 | 0.235 |
43 | 796804 | 0.230 |
17 | 1156322 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.250 | 830958 | 16 |
0.255 | 461123 | 11 |
0.260 | 379139 | 12 |
0.265 | 859068 | 13 |
0.270 | 636077 | 15 |
Last trade - 16.10pm 16/10/2024 (20 minute delay) ? |
Featured News
BRN (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online