I am not against all raisings, and it is may be slick in the sense of timing.
but with no income and a lot of drilling to do, using the share registry as a cheque book may be tempting.
if SNE 1 is a success, then I would hope that they look at other options for future $$$$, rather than holder dilutions. It is the average retailer who loses out here , and there is a risk that any capital appreciation in the market cap is absorbed by an increasing register.
share price action, page-12
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Last
49.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 48.5¢ | 49.5¢ | 48.5¢ | $100.7K | 203.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89898 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 2239 | 1 |
View Market Depth
| Last trade - 15.47pm 29/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |