I read that only $200,000 of the rights issue is underwrited.
So That would make only $5m coming in if it drops below 2c and no holders decide to pay 2c for shares.
IMO the price will flick around, so Im looking for ins and outs, I was hoping for a news update to boost this up, but a dilution is a bit of a dampner,
I will take a look on the next swing.
Ann: Capital Raising and Board Changes, page-38
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Last
58.5¢ |
Change
0.020(3.54%) |
Mkt cap ! $64.51M | |||
| Open | High | Low | Value | Volume |
| 57.0¢ | 58.5¢ | 56.5¢ | $3.293K | 5.744K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 57.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 8303 | 1 |
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