This must have been leaking to the market.
It explains why the share price has been so weak post results.
The smart money might have realized that the amalgamation was a leader into a cap raise.
Hugely diluting --- new shares will be 60%? of total shares.
AUD $.80 ----that is all they could get.
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Last
$1.35 |
Change
0.000(0.00%) |
Mkt cap ! $389.8M | |||
| Open | High | Low | Value | Volume |
| $1.37 | $1.37 | $1.34 | $261.4K | 193.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 39989 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 3454 | 1 |
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