They did raise $3m - $2m instos & profs + $1m SPP
Every extra $1m (if they had allowed overs for the SPP) would = 250m shares = even more dilution
Whilst on the one hand we all wanted more (obvious as the SPP was oversubscribed by $4m), on the other we now have less dilution, a management now focused on one area & the possibility they will find a shed load of gold which will push up the price & allow for a less dilutive additional raising at a better price
Scale back, page-82
Add OAU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.84M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $340.8K | 56.80M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 21000000 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 28782676 | 15 |
View Market Depth
| Last trade - 11.50am 13/09/2024 (20 minute delay) ? |
| OAU (ASX) Chart |