Not sure that they have the credibility to do a further capital raising after the way the last one turned out. There are now 170m shares on issue and if the remaining notes are converted at the minimum price 25 cents (as per recent conversions), there will be a total of ~240m shares on issue. There has been massive dilution for long-standing shareholders who didn't participate in the capital raising, with more dilution to come. The $3 price in the past when there were 96m shares is equivalent to $1.20 when there are 240m shares. Don't forget that the company can't pay cash interest on the notes so interest is rolling up at 2% per quarter, increasing the level of dilution which could arise. Hard to see how another capital raising would fly.
- Forums
- ASX - By Stock
- Market Sentiment
Not sure that they have the credibility to do a further capital...
-
- There are more pages in this discussion • 23 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 MOZ (ASX) to my watchlist
|
|||||
Last
4.4¢ |
Change
-0.005(10.2%) |
Mkt cap ! $7.854M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.4¢ | $5.203K | 113.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 99549 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 56634 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 244216 | 0.043 |
1 | 255000 | 0.039 |
1 | 222891 | 0.038 |
1 | 13600 | 0.037 |
1 | 14000 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 56634 | 1 |
0.050 | 50000 | 1 |
0.051 | 19607 | 1 |
0.052 | 106172 | 2 |
0.055 | 400000 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
MOZ (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online