These new shares will never come onto the market @1.22
It's only timid punters of little faith/knowledge of WR1 that see the imputed CR price and equate the company's value at 1.22.
The company was telling us in the NR that the new shares are rightly valued today at 2.38 - and that there are instos (not the most stupid people, some say shrewd) willing to buy at that price (2.38) as they see strong upside prospects.
Ann: A$34m equity raise at a significant premium, page-63
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Last
53.0¢ |
Change
0.020(3.92%) |
Mkt cap ! $114.6M | |||
| Open | High | Low | Value | Volume |
| 52.5¢ | 53.0¢ | 50.0¢ | $248.8K | 482.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17560 | 52.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 7263 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |