this is a placement for sophisticated investors (not institutional). it is at 2.5c. Yes, I see the reason why they did it as a placement and not as a rights issue is because of the low liquidity in this stock. A rights issue would mean heavy selling pressure when the shares were released, whereas a placement is often held by long term investors who do not tend to dump when the shares are released.
this is a placement for sophisticated investors (not...
-
- There are more pages in this discussion • 12 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 GGX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.077M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
| GGX (ASX) Chart |
Day chart unavailable
