We can expect the details of this "equity finance facility" which is most likely another capital raising (dilutive) which is expected to drop the SP even further. In about 3 weeks the results of the phase 2 RA trial will be released. Depending on how impressive these results are, the SP may hit $2.00 which I personally would see as a good exit for those not willing to take further losses. I think SI is waiting for the RA results to come out before he disappoints investors once again with a capital raising. That is my best explanation for why he is stalling the release of detailed information regarding the equity finance facility.
In the absence of impressive RA results, the SP will continue to do what is has always done and that is, FALL. The trend is your friend (depending on which side of the trade you're on) and at the moment those going long are losing. Good luck to all holders anyway.
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Last
94.5¢ |
Change
-0.025(2.58%) |
Mkt cap ! $1.078B |
Open | High | Low | Value | Volume |
98.0¢ | 98.5¢ | 94.0¢ | $2.482M | 2.602M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 71720 | 94.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
94.5¢ | 10463 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 65720 | 0.940 |
3 | 31070 | 0.935 |
4 | 85753 | 0.930 |
2 | 9000 | 0.925 |
5 | 75776 | 0.920 |
Price($) | Vol. | No. |
---|---|---|
0.945 | 10463 | 1 |
0.950 | 50000 | 2 |
0.955 | 64000 | 1 |
0.960 | 30220 | 3 |
0.965 | 44050 | 3 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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MSB (ASX) Chart |