The trading halt firmly points to a capital raise/share issue rather than a loan.
In my view a small raise is positive, indicating faith in Charlie 1. Anything large is a negative, ($10m plus ) My view on Charlie 1 is its worth backing, and expect 88e to act in a manner consistent with minimizing dilution, while maintaining an appropriate cash buffer.
So we wait and see.
Ann: Trading Halt, page-34
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $15.91K | 7.858M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 43087204 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 542532656 | 223 |
View Market Depth
| Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
| 88E (ASX) Chart |