you look at the companies in the US and the banks are cutting their overdrafts/limits continually without notification
A placement to have greater liquidity if they need it - without lender reliance - isnt a bad thing. The SP might suffer on it but better to have a company in good financial position cashwise than be dependent on banks if something goes pear shaped
why another placement, page-36
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Last
$1.48 |
Change
0.045(3.14%) |
Mkt cap ! $180.6M | |||
| Open | High | Low | Value | Volume |
| $1.44 | $1.48 | $1.43 | $20.86K | 14.46K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 406 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 1146 | 1 |
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| Last trade - 15.29pm 26/07/2024 (20 minute delay) ? |
| LGL (ASX) Chart |