Well that explains some of the trading over the past couple of days. Long term, those whole holding on Friday will score big time.
240m current shares
120m new shares
360m total shares post-placement
360m @.005c equates to a MC of $1.8m. Ludicrously low.
To justify the current MC of $4m (@0.016), the post-placement SP will need to be 0.011.
Therefore, all things remaining equal, participation in the placement is no-brainer (for traders and investors alike).
Ann: Non-Renounceable Rights Issue Offer Document, page-2
-
- There are more pages in this discussion • 90 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DSE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$4.52 |
Change
0.010(0.22%) |
Mkt cap ! $239.5M | |||
| Open | High | Low | Value | Volume |
| $4.51 | $4.57 | $4.51 | $227.6K | 50.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3001 | $4.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.53 | 1631 | 14 |
View Market Depth
| Last trade - 12.34pm 04/12/2024 (20 minute delay) ? |
| DSE (ASX) Chart |
