The level of supply is surprising, there’s likely to be a scale back on the SPP as I’m sure demand will be bigger than they’re willing to allocate. Selling now as an arbitrage play on the SPP looks brave for a very skinny difference.
Certainly short term one would expect a reasonable rise in SP from all the positive language around the raise, follow through will depend on concrete evidence that the funds asked for translate into deals/recurrent revenue.
Ann: $12m Institutional Placement and Announcement of $3m SPP, page-57
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.49M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 1494467 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 120000 | 1 |
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| Last trade - 15.02pm 29/08/2024 (20 minute delay) ? |
| AJX (ASX) Chart |
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