Due to current market conditions, the company has recognized that the intended capital raise at 8c is no longer an immediate practical option. As previously advised, the directors intend to utilize their discretion to allocate the raising to shareholders, in accordance with the size of their shareholding and the length of time the shareholders have held their shares, the Board has decided that the revised offer under the compliance will be a discounted raising exclusively to shareholders of ASX:QBL. It has been determined by the board that the exclusive offer, at 3.5c per share and one attaching 18-month option at 10c exercise price for every two shares subscribed for, will be for a minimum raising of $2M and an oversubscription up to a maximum raising of $6M.
Meanwhile, the group is venturing into many acquisition moves like that of Medcan Australia.
The company last traded at a market price of $0.037 and has seen a performance change of 236.36% over the past 12 months. The securities of Queensland Bauxite are now suspended from quotation post the Company’s update on amending the terms of the transaction requiring re-compliance.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
ASX-relevant Special Reports are published year-round to provide a detailed analysis into an investing opportunity or a potential risk to your portfolio.
Click here to get your free report.
The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkinemedia.com and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.