I seriously doubt that management could get a cap raise off the ground at anything like $1 given that the instos who backed the last two at $1.30 and $1.48 are underwater, and having been bitten twice may not be keen to have another chomp taken out of their credibility.
In 2018 we did a raise at 66c - right now I think we’d be lucky to get that.
A successful cap raise means that investors believe in management’s ability to deliver to promise based on their track record in doing exactly that.
My average entry price is 80c, so I’m still in the green but my sympathies to all those who aren’t.
My views only. DYOR.GLTAH.
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29.5¢ |
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Mkt cap ! $103.1M |
Open | High | Low | Value | Volume |
31.0¢ | 31.5¢ | 29.0¢ | $120.1K | 390.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9671 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 9952 | 5 |
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No. | Vol. | Price($) |
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2 | 9671 | 0.295 |
5 | 86541 | 0.290 |
4 | 47143 | 0.285 |
4 | 112550 | 0.280 |
3 | 43709 | 0.275 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 9952 | 5 |
0.310 | 64917 | 5 |
0.315 | 2457 | 1 |
0.320 | 53550 | 3 |
0.325 | 50850 | 5 |
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