It is possible that they're planning to raise capital by means of an issue to shareholders. For example, it could be a 1 for 1 at 20 cents,so the options conversion clause gives option holders a chance to participate.
They don't have a large no. of shares on issue so could easily raise $10 million this way- provided the shareholders liked the proposed drilling program!
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Last
7.9¢ |
Change
-0.001(1.25%) |
Mkt cap ! $37.50M |
Open | High | Low | Value | Volume |
8.0¢ | 8.1¢ | 7.8¢ | $33.22K | 421.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1817 | 7.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.1¢ | 37808 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1817 | 0.079 |
1 | 7000 | 0.076 |
1 | 200000 | 0.075 |
1 | 114919 | 0.074 |
1 | 100000 | 0.073 |
Price($) | Vol. | No. |
---|---|---|
0.081 | 37808 | 1 |
0.083 | 307160 | 1 |
0.086 | 28874 | 1 |
0.088 | 250000 | 2 |
0.089 | 11111 | 1 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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