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5.26% 2.0¢ opyl limited

Opyl matters

  1. Medify
    1,173 Posts.
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    13/03/24
    14:44
    Post #: 72866124
    Opyl is proposing to make a placement at 4.99c per share. This represents a 78.34% premium on the current share price of 2.8c.

    The placement is a small one, just 300,335 units. Shares are being issued to an anonymous person/entity, apparently for services rendered.

    Opyl made a similar private placement a month ago. In that case it issued ~770,094 shares at 4.54c a share.

    Ironically, as the group share price falls its placment premium grows, albeit by some 10%.
    OPL Price at posting: 2.8¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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