I don't think it is wise to bet against the government when they say this is a critical industry they want to bail out.
The survivors will end up gaining market share.
I don't hold any g8 due to concerns about their debt but i can see if they did a cap raise it would be fully subscribed and not at a steep discount.
GEM buy?, page-163
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Last
$1.40 |
Change
0.005(0.36%) |
Mkt cap ! $1.125B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.40 | $1.39 | $282.8K | 203.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 21403 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 30336 | 12 |
View Market Depth
| Last trade - 11.30am 10/10/2024 (20 minute delay) ? |
| GEM (ASX) Chart |