They spend $800k / quarter, which I think is not that bad, but not that ideal. Since the participants are mainly institutionals, If I have to make a guess, the raising is probably for the acquisition shortfall of a particular company (small production/advanced mine) that cost a bit more than $50mil, & maybe a bit extra for cash flow. It always been their intention to acquire production mine.
Raising takes 2 months to complete (November), management can participate in shortfall. Any oversubscribed is excellent.
They spend $800k / quarter, which I think is not that bad, but...
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.924M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $161 | 40.28K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 23122250 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 21710501 | 12 |
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| Last trade - 10.04am 19/07/2024 (20 minute delay) ? |
| IBG (ASX) Chart |