I think this is a great outcome.
No Regal.
Directors putting their own money in.
2.25 mill raised from institutions and sophisticated investors.
1:1 options meaning that in future the company can possibly raise money from this necessarily having to go to market.
The 2.25 mill is significant as it represents something of a change in sentiment towards the project. There's probably enough positivity/upside there for these investors to justify putting their money in.
If you're worried about dilution - participate in the cap raise.
I think this is a great outcome.No Regal.Directors putting their...
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Last
3.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.33M | |||
| Open | High | Low | Value | Volume |
| 3.1¢ | 3.1¢ | 3.0¢ | $29.72K | 968.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 2874982 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.1¢ | 406890 | 4 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
3.1¢ |
Change
0.000 ( 1.64 %) |
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| Open | High | Low | Volume | ||
| 3.0¢ | 3.1¢ | 3.0¢ | 685692 | ||
| Last updated 15.57pm 24/05/2024 ? | |||||
| HIO (ASX) Chart |