Not complicated IMO.
When you do a massive CR at 14.5c when the SP is trading at 18c - this is what happens.
Let the SP run when there’s clearly momentum and do a CR at no more than 5% discount of the price thereafter and then you would presumably see this trading nearly twice the current levels.
I completely accept what another member suggested previously - these guys got “strong armed” into it IMHO.
Ann: Results of Meeting, page-10
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24.5¢ |
Change
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Mkt cap ! $176.5M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 8 | 61100 | 24.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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