Hi Billchippy,
If there are no good announcements to accompany the capital raising then I can see that the share price would drift lower inb the short term.
I am told that shares will be given in 2 tranches, with the second tranche to be done after an EGM.
The other thing that I did not get is who is the main sponsoring broker. If its Patersons then I can almost say for certain that the share price will drift lower towards the placement price.
For me to get in at 24cents could represent a quick trade for say 10% gain.
my take on this stock, page-5
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.230M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 4100929 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1312994 | 3 |
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