MIN were getting flack from lenders. They have significant debt and the loans will have covenants carrying severe penalties if breached. Their share price dropped something like 25%, largely due to their lithium exposure. They probably had no alternative but to raise a significant sum of money and quickly. Sale of DVP was judged to be their best avenue to raise capital quickly. Sometimes we have to choose the best of the available options.
DVP Technical Analysis, page-2862
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Last
$1.96 |
Change
-0.125(6.01%) |
Mkt cap ! $504.4M | |||
| Open | High | Low | Value | Volume |
| $2.00 | $2.07 | $1.93 | $2.057M | 1.025M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20000 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.96 | 6299 | 2 |
View Market Depth
| Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
| DVP (ASX) Chart |