Bowser, most stocks that do share placements or rights issues find their sp back at the issue price in the short term. I think it will take some good news to stop this from slipping back further. I expect quite a dump in a couple of weeks when the 5.5c shares are issued to those taking up the offer.
The medium to long term looks positive but I cant see much joy in the immediate future unfortunately.
Bowser, most stocks that do share placements or rights issues...
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