@vincenski - you have to buy 6 rights for every additional share you want to buy. Only if the rights were not taken up might there be a placement @ 45 cts.
in my view the market does not understand the value of the 90 cts options. At the moment the rights are too cheap and as the stock goes higher I guess that relative cheapness only increases.
We would need a lot of bad news for this rights issue to fail and hence anyone having an opportunity to buy stock @ 45 cts without buying rights - IMO.
Ann: RENOUNCEABLE RIGHTS ISSUE TO RAISE UP TO $8.15 MILLION, page-57
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Last
45.0¢ |
Change
0.045(11.1%) |
Mkt cap ! $68.22M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 45.0¢ | 41.0¢ | $41.96K | 96.36K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | 41.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 18081 | 4 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| ELS (ASX) Chart |