Why does Ramelius need to raise capital..I thought it had sufficient stockpiled ore to process at Burbanks in order to generate cashflow. Little comment abouth this lately.
Also confused as to why Ramelius declared a dividend last year now is looking to raise capital (transaction costs of distributing a dividend, further costs of raising the funds to end up at the starting point).
I hate capital raisings that are at a deep discount to the current market price (which I suspect this one will be).
Ajax
trading halt, page-6
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Last
$1.92 |
Change
0.030(1.59%) |
Mkt cap ! $2.194B | |||
| Open | High | Low | Value | Volume |
| $1.94 | $1.95 | $1.92 | $7.450M | 3.862M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 72964 | $1.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.93 | 42195 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| RMS (ASX) Chart |