Funny how people feel cheated because they cannot avail in the CR at $1.10
Where were they just a couple of weeks back when they could have bought them at 90c.
What great difference in the fundamentals, that they feel cheated that they cannot partake at $1.10 ? Zero Zilch IMO
Infact they can buy at $1.11 from the market now.
If an explorer Coy needs money, they need a CR.
Coy has to think how many of its current holders can afford to buy at $1.10 to raise the $125 Mill ?
The balance would go to the underwriters, who have a habit of decimating the SP in the Short term.
Pointless thinking.
Think, your Coy, which had a MC of 10 Mill 2 years back has a MC of $1.4 Billion Now.
Has No debt & $200 Mill in the bank, to continue to explore and increase your wealth.
Ann: Completion of Fully Underwritten A$125 million Placement, page-55
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Last
$1.14 |
Change
0.045(4.11%) |
Mkt cap ! $2.732B | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.15 | $1.13 | $4.272M | 3.749M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 9142 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 11394 | 3 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |