URL 0.00% 13.5¢ universal resources limited

In the short term, looking very bad. They currently have 552...

  1. 513 Posts.
    In the short term, looking very bad.

    They currently have 552 million shares on issue

    Assuming they raise 10 mill(very reasonable) at a discount, say 3c, that an extra 330 million shares.

    Not trying to downramp or anything, I was going to buy but was on trading halt. I think when it opens, it will be oversold.
 
watchlist Created with Sketch. Add URL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.