'The stock is extremely liquid, any institution wishing to take a position can easily get one on market.'
- not without paying much more than 80¢
- BellPotter most recent analysis "Flying High' 15 April upped their target to $1 with assumptions on sales targets being met! So Cr is a reasonable 20% discount. say the stock had flown to $1.50 on Trading halt ..they couldn't of raised $100m at $1.20 (20% discount) now could they.
We last closed at 83.5¢ that 4.3% above CR so those feeling sorely done by have little to complain about
Unlike an SPP, theres an underlying assumption that a CR to Instos and Sophs is entered into with rigorous due diligence and some privileged insights and so establishes a valuation, 80¢ in this case, that has been issued at a discount to true present value.
The financial elite are not going to buy in to a CR unless its at a discount to true valuation.
A$100m raised at 80¢ is a huge endorsement ,,and now that they, the pro's, have some skin in the game they will be incentivised to support the share price.
I understand many are upset,, but the reality is that this CR structure is what is needed for the next stage of growth.
When a prospective client does due diligence into Droneshield one of the first checks will be cash balance, cash burn /qtr and the top 20.
On that basis the CR will be a greatly increase the chance of securing outsize contracts.
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$1.89 |
Change
0.070(3.86%) |
Mkt cap ! $1.424B |
Open | High | Low | Value | Volume |
$1.85 | $1.90 | $1.84 | $9.365M | 5.026M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 19523 | $1.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.89 | 28156 | 9 |
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No. | Vol. | Price($) |
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11 | 13179 | 1.870 |
8 | 41827 | 1.865 |
11 | 35567 | 1.860 |
8 | 31890 | 1.855 |
18 | 181671 | 1.850 |
Price($) | Vol. | No. |
---|---|---|
1.875 | 17261 | 8 |
1.880 | 35493 | 7 |
1.885 | 68543 | 9 |
1.890 | 172031 | 12 |
1.895 | 139664 | 8 |
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