This is pretty much an RTO, only they used the comparisons of the projects to bypass chapters 1 & 2. Smart thinking.
Not surprised the $10M is coming from overseas, because there'd be a very low chance raising that much here in Australia. Still not 100% the full $10M will be raised to be honest, given current macro conditions globally.
Old holders getting crunched 1:5. Let's hope the current major holders are given an opportunity to take part in the raise to average down, or we may see bulk of the 92M shares being dumped in a hurry once this relists.
This is pretty much an RTO, only they used the comparisons of...
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1.3¢ |
Change
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Mkt cap ! $26.65M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.4¢ | 1.2¢ | $80.86K | 6.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 181699 | 1.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 3428799 | 3 |
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