the market depth looks stronger than before the cap raising. not including the run up from the latest ann. if it was going to be dumped it would have begun by now.
the fact is the 5 million raising is not alot. why would you dump 20-30-100 grand or whatever if you simply will not be able to buy the same amount from the cap raise. this is a clever cap raising. enough to make 10 million but not enough to allow the dumping of the stock. its too risky.
i also believe the initial jorc is going to be alot higher than anticipated otherwise they would have waited until june to release it and in the meantime try and increase the jorc to meet expectations.
trading halt ... capital raising ..., page-113
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $334.6M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $1.061M | 10.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 82 | 9846872 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 961987 | 14 |
View Market Depth
| Last trade - 16.10pm 23/07/2024 (20 minute delay) ? |
| PEN (ASX) Chart |