Yes it's a little unfortunate if it goes through at 10c but anyone being realistic always knew this was a possibility.
The deal was always going to happen as there is no way another capraise would get through, not to mention the fact that a complete revamp of the debt is absolutely needed.
My hope is that it goes through well above 10c but either way we are most likely going to see a doubling of the shareprice this week.
Best result for everyone (including Mt Kellet) is a deal at a high enough level to get into the ASX200 and then they can sell a good amount of volume as the funds MUST buy.
Equity conversion, page-47
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Last
$6.06 |
Change
0.140(2.36%) |
Mkt cap ! $5.664B | |||
| Open | High | Low | Value | Volume |
| $6.02 | $6.12 | $5.97 | $11.52M | 1.904M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 12791 | $6.04 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.07 | 13019 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |