Tiger Brokers

BUZZ-Australia's Globe Metals and Mining at 2-week low on discounted placement

Reuters
Oct 08, 2025
BUZZ-Australia's Globe Metals and Mining at 2-week low on discounted placement

** Shares of Globe Metals and Mining GBE.AX fall as much as 13.9% to A$0.062, their lowest level since September 22

** On track for worst day since August 26, if trend holds

** Miner receives firm commitments from Avocado Trading and Suitable Pioneer for raising A$8.7 million ($5.71 million) via a two-tranche placement

** Issue price of A$0.051 represents a discount of 29.2% to stock's last close

** Tranche 2 to include issue of 190 million free-attaching options exercisable atA$0.069

** About 180,000 shares change hands, 1.5 times the 30-day avg

** Stock is up 67.6% YTD, including the session's moves

($1 = 1.5242 Australian dollars)

(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))

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