They could have done the SPP for option only on the basis of 1 for 1 (1 billion options)... and that would have a better chance to raise $20mil AUD...
It does not make sense to do a small SPP on the head at 8c, and then following by this 20c strike option SPP ?
I won't be surprise if they revise the option conversion price to 15c :).
That would be a disaster won't it... They should hire a better capital management advisor....
They could have done the SPP for option only on the basis of 1...
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30.0¢ |
Change
0.010(3.45%) |
Mkt cap ! $435.7M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.5¢ | 28.8¢ | $574.2K | 1.921M |
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| No. | Vol. | Price($) |
|---|---|---|
| 11 | 461775 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 100000 | 1 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
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