Fair enough @minoil, I guess we just wait it out now and see what happens - and hopefully CHZ comes good for you so DRG is just a boring distractionI grabbed a few more earlier in the week whilst it was back under 4 cents.
With this raise done, my calcs on DRG:
- Fully diluted including those few options at 5 and 7cents = 109 million shares
- @ 3c Market Cap = $3.27 million
- Cash = $2.5 million
So EV under $1 million, if the shares trade back down to the placement price of 2c it would be under cash - so time to grab even more if that happens potentially..
The upside to Pattersons taking on the shortfall is that they presumably have some plan or hope for the future so we wont see the company going bust or into some crazy oil exploration play.
Ann: Rights Issue Closes Successfully, page-6
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Last
$1.26 |
Change
-0.038(2.90%) |
Mkt cap ! $1.612B | |||
| Open | High | Low | Value | Volume |
| $1.29 | $1.30 | $1.25 | $4.589M | 3.621M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 70188 | $1.26 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 34072 | 22 |
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| Last trade - 14.23pm 14/11/2024 (20 minute delay) ? |
| BGL (ASX) Chart |