A few comments, Coco.
1. I reckon 3.5c is a bit high - too close to the current share price. A 1:3 at 2.5c would raise about $7m, which should keep the wolf from the door for a while.
2. When you talk about rights, you are assuming that the issue would be renounceable. Not sure that this would be the case.
3. Would the issue be underwritten ? If so, the underwriter would take a fair cut. If not, runs the risk of not raising anywhere near the amount desired.
4. Let's hope that a capital raising is in fact a pro-rata job rather than a placement.
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A few comments, Coco. 1. I reckon 3.5c is a bit high - too close...
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Last
4.4¢ |
Change
-0.001(2.22%) |
Mkt cap ! $20.90M |
Open | High | Low | Value | Volume |
4.5¢ | 4.5¢ | 4.4¢ | $3.453K | 77.98K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 71223 | 4.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 372500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 71223 | 0.044 |
2 | 100000 | 0.043 |
1 | 13888 | 0.042 |
1 | 100000 | 0.041 |
1 | 300000 | 0.040 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 372500 | 2 |
0.052 | 59000 | 1 |
0.059 | 95632 | 2 |
0.060 | 190315 | 2 |
0.067 | 50000 | 1 |
Last trade - 10.13am 26/07/2024 (20 minute delay) ? |
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