Just a comment on your original post Blommer, Yes AJX plus $15mil is worth more than AJX now, so in theory it would have a higher market cap, $15mil higher after the CR as $15mil have been injected into the company.
All in theory of course, in reality people may choose to sell or buy at a different market cap than before, even though as you say, AJX plus $15mil (or say $8mil) is worth more than AJX before.
Roughly (Assuming full take up):
Before:
345mil shares * 11c = 38mil market cap
After:
621mil shares * X = 38mil market cap + 16.5mil raised
X (shareprice after raise) = 8.7c
In theory the EV and market cap would be even higher given the reduction in risk caused by Debt. So I can see why major investors would be keen as bean to participate at 6c
- Forums
- ASX - By Stock
- AJX
- The Market Judges
The Market Judges, page-30
-
-
- There are more pages in this discussion • 87 more messages 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 AJX (ASX) to my watchlist
|
|||||
Last
1.0¢ |
Change
-0.001(9.09%) |
Mkt cap ! $15.62M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $350 | 35K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 131370 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 58736 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 131370 | 0.010 |
2 | 700000 | 0.009 |
3 | 516044 | 0.008 |
1 | 200000 | 0.007 |
2 | 378000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 58736 | 1 |
0.013 | 240000 | 1 |
0.014 | 564269 | 2 |
0.015 | 1200 | 1 |
0.017 | 15000 | 1 |
Last trade - 15.59pm 09/08/2024 (20 minute delay) ? |
Featured News
AJX (ASX) Chart |