Im not overly fussed about the recent drop. Fair play to the insto. They were offered some call options as a bumper to the deal and they appear to have taken their money to hedge their bets. Can’t see the SP dropping further from here. Possibly a bargain to be had at sub 0.02 now they’ve wiped out as much as they needed to. At least any short term cap raise is less likely and the possibility of this happening again has disappeared. (Bergen options much less significant)
Ann: Appendix 2A, page-46
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.18M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $25.02K | 3.200M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 42 | 22331734 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 404536 | 2 |
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| AUZ (ASX) Chart |