One reason for the share price fall could be a renewed expectation that the cash raising will be passed, and at the Kalahari offer price of $8.35
Cash raisings generally move the share price to about the same price that cash was raised.
While the expectation of the market was against the deal being approved, the price has risen, but if a back room deal now means the deal will be passed, then the market will revalue shares to the price of the issue.
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.65M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.8¢ | $2.731K | 305.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2274110 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 4595661 | 2 |
View Market Depth
| Last trade - 16.10pm 25/06/2025 (20 minute delay) ? |
| EXT (ASX) Chart |