G'day Mark
As far as securing the companies future, what the additional funding has done, has givent he company a chance of rebuilding itself. You have to spend money to make money, however it is difficult to spend money, when you are heavily in debt and you are struggling to make a profit. It is difficult to try and turn the company around, when you are going broke, and havent got any money to spend. Now they are in a position where they can try and rebuild more efficiently.
There are a couple of reasons why the share price is 4c. The direct impact of the additional funding, meant that it would dilute the share price to about 2.5c. However with that said, it was also a positive announcement, as it meant the company was looking a lot stronger for the future. So 2.5c would have been like the base price, however the fact that the company was now in a much better position, added an extra cent or so to the share price.
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Last
$9.15 |
Change
-0.160(1.72%) |
Mkt cap ! $157.5M |
Open | High | Low | Value | Volume |
$9.29 | $9.31 | $9.15 | $80.87K | 8.727K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1073 | $9.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.60 | 2573 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1073 | 9.150 |
1 | 110 | 9.090 |
1 | 1400 | 9.030 |
1 | 3000 | 9.010 |
2 | 211 | 9.000 |
Price($) | Vol. | No. |
---|---|---|
9.600 | 2573 | 2 |
9.650 | 1450 | 2 |
9.700 | 375 | 2 |
9.720 | 915 | 1 |
9.800 | 785 | 1 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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