I can't see the SP moving down anywhere near the 44c mark. Once people realise that there is no way in hell that existing shareholders will get the full $10000 entitlement, the selling will stop and the buying will increase. I suspect each allocation will be closer to 10% of the original figure.....Approx $1000 per shareholder.
I would expect most holders will participate in the SPP, which would be around $26million worth.This will be greatly reduced, closer to the $2million total amount.
very quiet this morning, page-27
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Last
1.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $28.05M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $8.817K | 829.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 10440324 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 1735505 | 4 |
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| Last trade - 14.08pm 01/11/2024 (20 minute delay) ? |
| CRI (ASX) Chart |