They have $5.8M left now and should receive another $5M by the end of this month from options conversion ....that's a healthy $10.8M in cash .I understand the TH announcement mentions an underwriting but I would question why they need to be doing it now and why they would be needing to offer any substantial discount to the current SP . They should be aware that their reputation may be on the line here .They have underperformed this year in comparison to their peers in the Doolgunna region
underwriting agreement now 40 cents, page-3
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.068M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.6¢ | $67.24K | 11.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 6775912 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1356659 | 3 |
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| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| ALY (ASX) Chart |
