I am expecting the capital raising to be oversubscribed.
The marketing and public relations branch of the company certainly timed that announcement well yesterday.
We will get another indication today. But, at the closing price yesterday, if you are buying 1 million shares in the capital raising for a 25k investment with 333k options exerciseable at 5 cents you will make a circa $50k profit. Not bad if the share price holds.
I am expecting the capital raising to be oversubscribed.The...
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Last
17.5¢ |
Change
0.010(6.06%) |
Mkt cap ! $183.9M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.8¢ | 16.5¢ | $767.1K | 4.540M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 267648 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 355573 | 3 |
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| ALA (ASX) Chart |