Strong close with a bit of volume into 4.4c
Next week will be interesting.
No trade on Monday and Tuesday, with the TH lifted on Wednesday to reveal the terms under the CR.
15% discount from today's close puts the CR price at 3.74c.
$8M is expected to be raised which is 20% of the current market cap.
Peloton and Veritas are the lead managers. Peloton didn't decimate the price after listing and Veritas just posted a research note with a projected valuation of 9.2c so whilst there's a lot of money and there will be opportunistic profit taking, Management should have some faith and trust by using them to raise so much cash.
Ann: Acquisition and Fund Raising Presentation-MDR.AX, page-33
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Last
30.0¢ |
Change
0.010(3.45%) |
Mkt cap ! $215.0M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.0¢ | 27.5¢ | $254.8K | 889.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 39326 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.5¢ | 2917 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| MDR (ASX) Chart |
