You have obviously been smoking the good stuff GT50, "not their style" they diluted shareholders by 50% to get Forrest involved, and then the price dropped 50%
I think they will debt fund before they go to a large placement, if they wish to issue over 15% they will have to get shareholder approval which will require an EGM and Forrest and his team will not wait or be dictated to by that process, with all respect Mr Forrest.
Hi style will be simular to FMG, no brain surgery required to make that observation.
If a placemetn was made today i reckon it would be around 80 cents and be below the 15% issue level, leaving them sort a fair bit, so debt funding it will be IMO.
Its going to be a very interesting 6 months post June 30.
Cheers
BM
You have obviously been smoking the good stuff GT50, "not their...
Add POS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $21.01M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $20.95K | 4.192M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 66 | 64713594 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 963797 | 4 |
View Market Depth
| Last trade - 15.24pm 08/11/2024 (20 minute delay) ? |
| POS (ASX) Chart |