Very little discussion on the elephant in the room. It has been mentioned that Z1P has been on a roadshow in the US.
Roadshows are not to pump share prices but to satisfy current shareholders, but to attract new investors (usually by the way of a capital raising)
As institutional investors look for discounted prices, any thoughts on what the capital raising price would be especially in this tough environment?
I’m thinking a 25% discount to recent VWAP so around $6.50.
Capital Raising. The elephant in the room.
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$1.65 |
Change
-0.040(2.37%) |
Mkt cap ! $1.847B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.66 | $1.60 | $20.58M | 12.59M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 220650 | $1.65 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.65 | 29551 | 11 |
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| ZIP (ASX) Chart |