fyi -
my narrative is to make money.
protect my capital.
lets look at this CR and the SPP.
16c to instos
sell today at worst case - 17c - 6.25% return in a day. free money... get a free ride
16c for the spp
walk the sp down to say 14c.
shake the tree and pick up the 16c shares at 14c.
spp holders lose 12.5%
lets not forget about the time it take to this process to occur.
this is not the first or last time this will happen.
I sold on the open. sad that i did as thought this was going up. i got it wrong.
now i wait for a better set up.
Ann: Arafura launches A$20m placement and A$7m SPP, page-107
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $443.5M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 18.0¢ | 17.0¢ | $1.087M | 6.257M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 200375 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 787496 | 25 |
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