BML 3.33% 8.7¢ boab metals limited

Ann: Results of Non-Renounceable Entitlement Offer, page-8

  1. 862 Posts.
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    I do not agree with that - I do agree that the share price does tend to drop to the CR price on most occasions, but it has already done that since the original announcement (06/05, 10/05). Plus, the fundamentals have changed for the better since the CR, so I see this share price improving going forward and this raise could be seen as a bargain in hindsight (hopefully). There may be some profit taking when the shares have been issued tomorrow, but again, there was ample opportunity over the last few weeks to offload your shares at a higher price than now if you were intending to do a quick flick. Let's see what plays out, fingers crossed.
 
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