Well there is basicly 22 million dollars of new money going into the company priced at 19.3 cents.
This likely sets a floor price for a while.
The argument of no institutions is now at rest
The hope to short the stock to buy free market from LDA is also over.
The reaction of this drop is expected as we can seen some are fed up and have made their choice.
It's not the greatest CR but it's better then what I would have thought it be.
Good to see
Ann: A$25million Equity Capital Raise, page-31
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Last
25.3¢ |
Change
-0.018(6.48%) |
Mkt cap ! $527.6M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.5¢ | 25.0¢ | $6.585M | 24.63M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1616 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.5¢ | 77387 | 5 |
View Market Depth
| Last trade - 15.59pm 07/11/2024 (20 minute delay) ? |
| BRN (ASX) Chart |