The reality is that if RED went for a SPP to existing holders, the SP would take a beating immediately upon open. Everyone would dump down to near 15.5.
These insto and SI may have been worded up for a good exit price. So I'll set my sights for 23c and re-evaluate then.
$45mil placement @ .155, page-4
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Last
30.5¢ |
Change
0.015(5.17%) |
Mkt cap ! $2.074B | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 31.5¢ | 29.0¢ | $6.131M | 20.29M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 1710117 | 30.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 290135 | 11 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| RED (ASX) Chart |