On an SMS note, looks like the 5 million is covered. Onmarket as previously mentioned is probably for spread.
From their webpage:22-Sep-2021Global Mining Review
Perth-based Star Minerals has announced that it has received AUS$5 million in pledges and its gold Initial Public Offering (IPO) is on track to launch on the Australian Securities Exchange (ASX) in the first week of October 2021.
Don't know much about these guys but thought they were more about loans? (Stand to be corrected) I assume a nice vote of confidence considering they're taken such a large position.
Sydney-based Magnolia Capital Group recently pledged to take up AUS$2.5 million of the AUS$5 million sought for the Star Minerals IPO.
IPO - Star Minerals Limited - 16 September 2021 11:30 AM AEST ##, page-25
Add SMS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.809M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 96314 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 160615 | 1 |
View Market Depth
| Last trade - 11.41am 01/05/2024 (20 minute delay) ? |
| SMS (ASX) Chart |
Day chart unavailable