Just ran a super quick calc and here's my situation.
I bought in a 0.012 and sold at 0.022 last week but bought back in a 0.019 expecting a retest of highs.
If I take up my full entitlement at .005, I can get my average price down to 0.14 (from 0.019). A SP of 0.014 implies a MC of approx $5m which I think is still very good value considering we'll be holding $600k in cash that will be used to complete the transaction with DMS.
Just sharing my position to demonstrate that there may be some short term weakness but post-placement, there's still HEAPS of upside.
Ann: Non-Renounceable Rights Issue Offer Document, page-19
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Last
$4.53 |
Change
0.030(0.67%) |
Mkt cap ! $322.1M | |||
| Open | High | Low | Value | Volume |
| $4.55 | $4.78 | $4.44 | $1.659M | 359.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2327 | $4.48 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.57 | 643 | 2 |
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| Last trade - 14.36pm 13/11/2024 (20 minute delay) ? |
| DSE (ASX) Chart |