Voting yes for the second tranche of placement at the current share price, would be massively dilutive and handing the instos a big free gain.
I hope the shareholders vote NO for this, so that the company can raise more money at around 90 cents or more. If we wait until the money is actually needed, the share price might by $2 by then and it would be way less dilutive.
As for ratifying tranche 1, shareholders could also vote NO and still leave the company withe the capacity to issue about 57 million shares in the next 12 months without shareholder approval.
Voting yes for the second tranche of placement at the current...
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Last
81.5¢ |
Change
-0.045(5.23%) |
Mkt cap ! $422.5M | |||
| Open | High | Low | Value | Volume |
| 86.5¢ | 86.5¢ | 81.5¢ | $3.834M | 4.582M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 34134 | 81.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 82.0¢ | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 21/07/2025 (20 minute delay) ? |
| MTM (ASX) Chart |