To use fishing lingo, some tiddlers are biting the sell hooks, and the bait is slowly disappearing as a result. The money involved is very small though. However, not looking bad, if I can put it that way.
15 days til the final take-up day. Will there be something to push the SP up over 2c and make it stay there so as to get the sh punters interested enough to part with the 'readies'? Those holding shares pre-recap'n ann, especially those who bought at much higher prices, need also to be reasonably confident that the funding will occur once the T debt has been paid before paying.
If it all comes to fruition and shs have not taken up their entitlements or a fair part thereof, then the tragedy for them of course will be that their holdings would have been diminished substantially from a percentage pov, whilst newcomers via GMP would have won the day and at the expense of the non-participating shs.
What to do? It's a dilemma, and certainly one that favours non-participation at this stage because of the sub-2c price that continues to exist. That said, I think that the erstwhile Rabooth, our chameleon, posted some numbers a little while back that factored in the options so as to put a real price on the combo of a bit les than 2c, so that the current SP may equate to a reasonable value. Are you there Rabs? I need your help!
AUR Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held
