Share consolidation usually spells bad news. It is not necessary.
GNS has been sold down to 10c on solvency concern. With this placement and rights issue, solvency issue is no longer in the picture and SP should settle at this level or higher. A higher price will depend on the success in execution of their future plans.
- Forums
- ASX - By Stock
- GNS
- capital raising and equity stake
capital raising and equity stake, page-46
Featured News
Add GNS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online