It's painful to watch but highly predictable SP behavior for this stock.
As a ex LT holder I can say anyone holding now before Mine finance is taking risk in losing more equity value in their holding IMO.
With a 35% equity raising likely (65% loan) one must be thinking it will be at huge discount to where the SP is now.
Maybe better to take profits now and re-enter after mine funding completed.
Depends how much risk adverse the trader is.
BAFFLES ME THIS SP.
Ann: Becoming a substantial holder for KNL,KNL-CBA.AX, page-106
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Last
10.0¢ |
Change
-0.010(9.09%) |
Mkt cap ! $45.40M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.0¢ | $33.25K | 320K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 405001 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 70253 | 5 |
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| Last trade - 15.53pm 02/08/2024 (20 minute delay) ? |
| EGR (ASX) Chart |