ALY 0.00% 0.7¢ alchemy resources limited

Ann: Non-Renounceable Rights Issue and Appendix 3B, page-5

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  1. 556 Posts.
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    Pucklechuddings wrote: "As the current sp of 1.5 cents is the same price as the CR I feel they might be struggling to get much interest. Opinions sought. "

    No - I don't agree. First, it was 1.8c yesterday, until someone sold $67 of shares and caused the price to drop to 1,5c. Second, the only reason we are at 1.5c (and no support above) is that there is a rights issue on, and you can top up your shares from the company at 1.5c (if you are an existing holder). As soon as that is over, and the supply from the official source is removed, it will be game on.
 
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