I wonder how many here would have bought into a cap raise at 8c when the market price was 8c and looking weak and indeed had been lower.
The price for a CR at that point would have been probably 15% lower at around 6.8c.
Then deduct the costs and time and we would all be a lot worse off because the retail investors usually ensure that the price lowers to near the CR price, so instead of being near 9c, we would now be much closer to 7c.
We are all nearly 25% better off because they have done what they did, and we missed out on maybe a chance at 2% more shares at a lower price, but 98% of our shares would have lost 15%.
At the same time, the company would have probably lost $100,000 in the process with prospectuses etc.
We need to be sensible about what the reality is and what it would have been had they given us the minuscule opportunity to get an insignificant increase in shares.
We need to be grateful that we have a company that is that clever and shareholder/s that believe in the future enough to drop another $1,000,000 into our future wealth.
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Last
2.9¢ |
Change
0.003(11.5%) |
Mkt cap ! $72.20M |
Open | High | Low | Value | Volume |
3.1¢ | 3.7¢ | 2.9¢ | $1.433M | 44.19M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 870964 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.0¢ | 511263 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 770964 | 0.029 |
6 | 762196 | 0.028 |
3 | 470000 | 0.027 |
9 | 1461957 | 0.026 |
9 | 1417001 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.030 | 511263 | 4 |
0.031 | 1000000 | 1 |
0.032 | 1329989 | 3 |
0.033 | 1056720 | 5 |
0.034 | 903206 | 6 |
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