The dilution will more than double the shares on issue.
Here is the explanation of what will happen:
Total number of shares after rights issue: 200m (current) + 220m (full raise) = 420m
Share price: 0.5c
Market cap: 2.1m (assuming 0.5c share price)
Cash: 1.3m*
*assuming 238k outflow for quarter and 70k expense on the raise
Enterprise value: 0.8m
The dilution will more than double the shares on issue. Here is...
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Last
42.5¢ |
Change
0.025(6.25%) |
Mkt cap ! $21.13M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 43.0¢ | 40.0¢ | $266.6K | 638.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30000 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 49201 | 1 |
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| MTH (ASX) Chart |
