Imo the company has solved the short term funding problem with this relatively small placement. By issuing shares in this manner,it is done then announced to the market and forgotten about in a few days whereas doing a spp to current shareholders would take about a month and cause stagnation of the share price. A good decision imo. Cheers redfrog
Imo the company has solved the short term funding problem with...
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $16.22M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $1.543K | 129.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3283876 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 8352781 | 7 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| EXT (ASX) Chart |