Cap raisings, historically, have been done on the quiet with RDM, then announced afterwards. The broker approaches the usual suspects to raise a million or two.The advantage with a shoestring company is that the CRs are small and relatively painless and not very dilutionary.
(Of course the downside is - rather obviously - that funds for big ticket items, like drilling, are limited).
Cap raisings, historically, have been done on the quiet with...
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $37.45M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.0¢ | 10.5¢ | $2.548K | 24.03K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1422497 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 596185 | 9 |
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| Last trade - 14.10pm 29/11/2024 (20 minute delay) ? |
| RDM (ASX) Chart |
