'The stock is extremely liquid, any institution wishing to take a position can easily get one on market.'
- not without paying much more than 80¢
- BellPotter most recent analysis "Flying High' 15 April upped their target to $1 with assumptions on sales targets being met! So Cr is a reasonable 20% discount. say the stock had flown to $1.50 on Trading halt ..they couldn't of raised $100m at $1.20 (20% discount) now could they.
We last closed at 83.5¢ that 4.3% above CR so those feeling sorely done by have little to complain about
Unlike an SPP, theres an underlying assumption that a CR to Instos and Sophs is entered into with rigorous due diligence and some privileged insights and so establishes a valuation, 80¢ in this case, that has been issued at a discount to true present value.
The financial elite are not going to buy in to a CR unless its at a discount to true valuation.
A$100m raised at 80¢ is a huge endorsement ,,and now that they, the pro's, have some skin in the game they will be incentivised to support the share price.
I understand many are upset,, but the reality is that this CR structure is what is needed for the next stage of growth.
When a prospective client does due diligence into Droneshield one of the first checks will be cash balance, cash burn /qtr and the top 20.
On that basis the CR will be a greatly increase the chance of securing outsize contracts.
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Last
89.0¢ |
Change
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Mkt cap ! $626.9M |
Open | High | Low | Value | Volume |
90.0¢ | 92.0¢ | 87.5¢ | $7.006M | 7.805M |
Buyers (Bids)
No. | Vol. | Price($) |
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16 | 211931 | 89.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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90.0¢ | 41129 | 5 |
View Market Depth
No. | Vol. | Price($) |
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14 | 208931 | 0.890 |
4 | 33462 | 0.885 |
9 | 63927 | 0.880 |
8 | 77191 | 0.875 |
13 | 50600 | 0.870 |
Price($) | Vol. | No. |
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0.900 | 41129 | 5 |
0.905 | 56668 | 6 |
0.910 | 6001 | 2 |
0.915 | 10704 | 4 |
0.920 | 220924 | 16 |
Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 15.59pm 08/05/2024 ? |
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