Only thing I can really think of with propping it near $0.02 is to try and encourage take up of the Entitlement Issue @ $0.015. You would think it probably wouldn't be too hard to assume a majority would take it up but the sub-underwriter only agreed to $1.5M so that leaves $4.5M on the other party if there is a significant shortfall ? That's all I can really think of not many other reasons that seem to make much sense. Any better scenarios ?
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 (20min delay)
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Last
$1.35 |
Change
-0.075(5.28%) |
Mkt cap ! $784.4M | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.42 | $1.34 | $767.6K | 565.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9300 | $1.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 94318 | 1 |
View Market Depth
| Last trade - 16.10pm 23/07/2025 (20 minute delay) ? |
| PYC (ASX) Chart |