The share price of an exploration company naturally amortises as they use up the cash raised for exploration. If they they go to the market for more cash, the question is not what happened last time, but what they are going to do with the new cash. Of course there is an element of chance and in new territory the odds are stacked against success. But this should be taken into account before buying any shares in a company of this nature.
I've changed my sentiment to none because I don't want to "recommend" the shares to anyone else. I bought into this issue because I've done OK from previous issues, but the sum invested is small and I know it is a gamble.
- Forums
- ASX - By Stock
- PDI
- Ann: Renounceable Rights Issue Closes Heavily Oversubscribed
Ann: Renounceable Rights Issue Closes Heavily Oversubscribed, page-4
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PDI (ASX) to my watchlist
(20min delay)
|
|||||
Last
17.5¢ |
Change
0.015(9.38%) |
Mkt cap ! $410.0M |
Open | High | Low | Value | Volume |
16.5¢ | 17.5¢ | 16.0¢ | $462.2K | 2.797M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 310119 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 256127 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 308934 | 0.170 |
1 | 150000 | 0.165 |
15 | 1164800 | 0.160 |
4 | 600000 | 0.155 |
3 | 368466 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 256127 | 4 |
0.180 | 383287 | 6 |
0.185 | 140000 | 1 |
0.190 | 336684 | 4 |
0.195 | 195000 | 3 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
PDI (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online