Monster,
a fresh breath of air instead of the nonsense posted by all the flat earthers parroting "dilution, dilution, we're all doomed"
As you point out yes more shares on issue but a bigger pie to share, in reality very little change in the intrinsic vale of each share.
If the issue was just to keep the lights on, sure there would be a problem.
However with this $115 million my money is on where the bulk of the proceeds are to be spent. A large majority for more stock and more
engineers, almost certainly will in the longer term mean an increase in the valuation of the company way beyond the $115 million.
EB
The Worst Capital Raising Ever, page-77
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Last
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Change
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Mkt cap ! $998.2M | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.39 | $1.29 | $14.39M | 10.86M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 44485 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $1.32 | 9221 | 1 |
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| Last trade - 16.10pm 11/06/2024 (20 minute delay) ? |
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$1.31 |
Change
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| Open | High | Low | Volume | ||
| $1.32 | $1.39 | $1.29 | 2842231 | ||
| Last updated 15.59pm 11/06/2024 ? | |||||
| DRO (ASX) Chart |