exactly phish,
That's why i can't see it holding above 20c in the short term but everyone, DYOR.
If you're a holder then there's bound to be selling pressure as some try and lock in some easy profits as you've just highlighted,its a know brainer!if you qualify under the entitlement.
But you can only apply for 20k's worth at 15c later on and even that might be scaled back depending upon the demand,thats the risk part of the equation imo with your trade strategy.
They may as well have recorded the retail component offer 20k at 15cps as a renounceable rights issue!
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Last
$8.86 |
Change
0.270(3.14%) |
Mkt cap ! $1.400B | |||
| Open | High | Low | Value | Volume |
| $8.63 | $8.86 | $8.58 | $5.997M | 684.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1161 | $8.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.86 | 1492 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ELD (ASX) Chart |