Ya totally agree - it's going to be a really prolonged ' slow burn ' to somewhere between 10 cents and 20 cents . And well before the successful bidder is confirmed I feel. Reason is twofold. FIRSTLY , and as I stated , I reckon there will be more news items before this announcement. And SECONDLY , they will want to get this SP up as high as they can so they can potentially raise as much as $50 - $100 million including the 3's and 4 cent options.
That's just one of my thoughts. So potentially a 1 for 5 or thereabouts rights issue at 20 cents would easily get you your $100 million ....so in that case the SP would have to in fact be even higher than that. But you get where I'm leading with this.
So yeah , the run is far from over in my opinion.
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Last
3.5¢ |
Change
0.001(1.47%) |
Mkt cap ! $349.9M |
Open | High | Low | Value | Volume |
3.4¢ | 3.5¢ | 3.4¢ | $312.9K | 9.124M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
89 | 20899930 | 3.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.5¢ | 12132725 | 49 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
86 | 20711029 | 0.034 |
103 | 18811476 | 0.033 |
104 | 25358103 | 0.032 |
40 | 19250601 | 0.031 |
91 | 18540069 | 0.030 |
Price($) | Vol. | No. |
---|---|---|
0.035 | 12129421 | 48 |
0.036 | 6514991 | 20 |
0.037 | 5061741 | 15 |
0.038 | 3714270 | 17 |
0.039 | 3563973 | 18 |
Last trade - 13.04pm 02/07/2024 (20 minute delay) ? |
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