As an example;
An underwriter to back a 1 for 1 rights issue @ 0025c with a 8-10 to 1 share consol (2-2.5c equivalent). Reeve and co would ideally be expected to take up their rights.
Believers/faithful get averaged down. Lind is dealt with, balance sheet is tidied up with cash in bank flexibility.
U market conditions are getting supportive of the possibility of pulling off such a move now.
As an example; An underwriter to back a 1 for 1 rights issue @...
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Last
14.5¢ |
Change
0.005(3.57%) |
Mkt cap ! $110.9M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 13.5¢ | $207.5K | 1.473M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 187101 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 255640 | 6 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| AEE (ASX) Chart |