The fact that directors were not prepared to take up any more shares is interesting.
For a company with such "massive potential" i just cant understand why the capital raising was not fully subscribed.
Unfortunately this stock will die a slow horrible death to the point where they have to do an ugly 20:1 consol. Which will leave current holders diluted heavily if they intend to still raise at 10 cents.
As i have continued to say, this "might" be a good investment however there are not enough details to suggest that it is at this stage of the game.. Are you really happy to be potentially paying a 40-50 percent premium on your shares now when the the deal hasnt even been completed.
Just like ODN, CVE, BNE and a handful of others who intend to consolidate. Its better to wait til they have been through this process. Consol will always hold back a share price, especially of you dont even know what the rate will be.
The fact that directors were not prepared to take up any more...
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$4.52 |
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Mkt cap ! $239.5M | |||
| Open | High | Low | Value | Volume |
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