Pretty much folows the same pattern each time, which I find curious. It isn't as though the shares are given away for free - there is hard cash in the bank which offsets the dilution (well, at least on day one!). All other things being equal, the SP negative impact should be the $ equivalent of the discount plus the costs of doing the CR. 250m shares x .006 + Morgans' fees. The rest is negated by the cash in the bank.
Of course that it never pans out like that, especially here. Punters on POS don't value $1 in the bank as $1 - it does tend to get spent pretty quickly.
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POS Offtake Agreements, page-19
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $11.14M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.3¢ | $9.397K | 2.657M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
61 | 45048320 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 6330525 | 21 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
58 | 41667643 | 0.003 |
29 | 49305888 | 0.002 |
10 | 62798697 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 5814225 | 20 |
0.005 | 9351063 | 18 |
0.006 | 8769028 | 12 |
0.007 | 26022016 | 11 |
0.008 | 5500000 | 2 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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POS (ASX) Chart |