Stepup, I'm afraid with renounceable rights issue's it's not a case of what should happen with the share price; but it's more-so a case of people's psychology, they see an issue price and don't want to pay more than that. I think that the price will go down to 5.3, unlike prawn that's thinking a bit higher. I've only come to this concultion through experience with other stocks that have done the same thing. For the record I hold with an average of 0.086, so it give's me no pleasure in seeing the price tank.
ann. out : renounceable rights issue, page-15
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1.9¢ |
Change
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Mkt cap ! $12.39M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
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| Price($) | Vol. | No. |
|---|---|---|
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