I wonder how they came up with the issue price of $2.10 per share? Given the trend of the days preceeding the trading halt, the sp could have easily dipped below $2. I suspect they were intending to do a cap raising around $3, saw the sp plummeting and requested a trading halt to prevent further losses.
Which makes me wonder, is the cap raising good value?
IMHO, in the short term I suspect not. In the long term, probably.
I wonder how they came up with the issue price of $2.10 per...
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Last
23.0¢ |
Change
-0.005(2.13%) |
Mkt cap ! $72.45M | |||
| Open | High | Low | Value | Volume |
| 23.5¢ | 23.5¢ | 22.0¢ | $55.45K | 242.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 113179 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 28075 | 2 |
View Market Depth
| Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
| MCE (ASX) Chart |
