'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
$1.37 |
Change
0.055(4.20%) |
Mkt cap ! $1.053B |
Open | High | Low | Value | Volume |
$1.31 | $1.42 | $1.31 | $12.34M | 9.021M |
Buyers (Bids)
No. | Vol. | Price($) |
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4 | 50154 | $1.36 |
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Price($) | Vol. | No. |
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$1.37 | 5001 | 1 |
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No. | Vol. | Price($) |
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4 | 50154 | 1.360 |
4 | 53330 | 1.355 |
19 | 168002 | 1.350 |
4 | 102097 | 1.345 |
4 | 37380 | 1.340 |
Price($) | Vol. | No. |
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1.370 | 5001 | 1 |
1.375 | 13973 | 1 |
1.380 | 7352 | 1 |
1.385 | 2500 | 1 |
1.395 | 1000 | 1 |
Last trade - 16.10pm 12/06/2024 (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 12/06/2024 ? |
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