Never like to see a company raise money because they can. It's not like interest rates are high, so if they don't do anything with the money the only effect is a reduction in their return on funds invested.
I especially don't like it when small shareholders don't get a look in, and it cuts off what was a good rally in price.
Personally my belief is that if a CR is necessary, it should be law that existing shareholders get first dibs, and the rest released to sophisticated investors.
Never like to see a company raise money because they can. It's...
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $4.247M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $334 | 111.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 9570076 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 22406492 | 8 |
View Market Depth
| Last trade - 15.00pm 07/07/2025 (20 minute delay) ? |
| RCM (ASX) Chart |