Thank you, finally someone has said it. Traditionally a CR is done after/on top of news. This looks like it will have a hard run to do that the lower it gets which will dilute . . simple maths at this Market Cap.
The prospects they have are fantastic at both sites, this SP has very little to do with that it's more about the maths of the CR and the impact. Volumes sold are tiny by comparison to the SOI.
4 cents here we come, page-61
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Last
16.0¢ |
Change
-0.010(5.88%) |
Mkt cap ! $318.4M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 16.0¢ | $639.2K | 3.939M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 880649 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 150459 | 2 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| MEI (ASX) Chart |