GMD 3.70% $2.52 genesis minerals limited

Anyone know why they want to issue so many new shares? They have...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 483 Posts.
    Anyone know why they want to issue so many new shares?

    They have not given any reasons for doing it.
 
watchlist Created with Sketch. Add GMD (ASX) to my watchlist
(20min delay)
Last
$2.52
Change
0.090(3.70%)
Mkt cap ! $2.392B
Open High Low Value Volume
$2.51 $2.56 $2.51 $6.419M 2.542M

Buyers (Bids)

No. Vol. Price($)
4 31792 $2.51
 

Sellers (Offers)

Price($) Vol. No.
$2.53 26593 4
View Market Depth
Last trade - 16.10pm 27/11/2024 (20 minute delay) ?
GMD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.