I agree with the below, (can never assume anything with this stock atm due to poor management/recent blatantly dodgy events), however if we look at the last capital raising in 2011 the sp dropped 20% (like now) before moving up slowly from there. Like Mitta stated almost ALL CR see an initial drop in sp to flush out the weak holders. Then the big boys mop up.
I still see $1.10 on the horizon soon - no longer this month obviously after the shock CR but by late Dec a real possibility IF IF IF feed goes to plan.
Ann: Trading Halt , page-69
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Last
$6.79 |
Change
-0.010(0.15%) |
Mkt cap ! $6.398B | |||
| Open | High | Low | Value | Volume |
| $6.85 | $6.89 | $6.77 | $6.022M | 880.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 12783 | $6.79 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.80 | 16068 | 32 |
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| Last trade - 15.42pm 26/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |