Just ran a super quick calc and here's my situation.
I bought in a 0.012 and sold at 0.022 last week but bought back in a 0.019 expecting a retest of highs.
If I take up my full entitlement at .005, I can get my average price down to 0.14 (from 0.019). A SP of 0.014 implies a MC of approx $5m which I think is still very good value considering we'll be holding $600k in cash that will be used to complete the transaction with DMS.
Just sharing my position to demonstrate that there may be some short term weakness but post-placement, there's still HEAPS of upside.
Ann: Non-Renounceable Rights Issue Offer Document, page-19
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Last
$3.40 |
Change
0.020(0.59%) |
Mkt cap ! $238.8M | |||
| Open | High | Low | Value | Volume |
| $3.38 | $3.40 | $3.33 | $97.26K | 28.81K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4636 | $3.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.40 | 74366 | 2 |
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