Snoball, what you say about Fortrend is POSSIBLY correct, however, I really have know problem with it. I see it as a good thing that others, other then just shareholders, are prepared to come in and take risk.
My understanding is that the Fortrend draw-down facility is being exchanged for equity (at the sp when the draw-down is actually made - less a small discount).
To individual shareholders, the SPP was never going to mean that much anyway, as it is capped to a max of $5000 per shareholder. If by the SPP close date the share price makes it attractive for shareholders to take it up, well, that will be a small plus for those shareholders that choose to do so. If it's not attractive for shareholders to take it up, I don't think that should be viewed as major problem. Let the risk be spread, I say.
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Last
31.0¢ |
Change
0.015(5.08%) |
Mkt cap ! $450.3M |
Open | High | Low | Value | Volume |
31.5¢ | 35.0¢ | 31.0¢ | $2.508M | 7.793M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
10 | 226373 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 40135 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 226373 | 0.305 |
24 | 353669 | 0.300 |
16 | 441084 | 0.295 |
15 | 572193 | 0.290 |
10 | 202158 | 0.285 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 40135 | 2 |
0.320 | 104672 | 2 |
0.325 | 95062 | 3 |
0.330 | 113416 | 3 |
0.335 | 163946 | 4 |
Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
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