Your question is a good one
IMO - it is hyperbole for those suggesting that it could go sub $1.50.It may well but I would envisage, given the fundamentals, that it should quickly move higher to near or above the $1.80.
Just bear in mind that the $1.80 applies top the number of shares offered in this placement , and to determine the overall expected impact on share price one would need to recalculate the effect. Accordingly it would be logical to assume that the price would settle above the $1.80 after the hysteria evaporates and sanity resumes.
The market place is a fickle and people act without reason sometimes...hence volatility occurs - but also in such events does opportunity.
Sorry but I do not have time to do the calculation at present.
Cheers and welcome to the world of iinvesting
Ann: Kathleen Valley Funding Package, page-273
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99.5¢ |
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Mkt cap ! $2.425B | |||
| Open | High | Low | Value | Volume |
| $1.03 | $1.03 | 99.0¢ | $2.471M | 2.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 134618 | 99.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 28692 | 5 |
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