It will be interesting to see how the SPP goes.
If you buy on market, you may be getting them cheaper, but the company doesn't get the money and that is not good for the performance of the shares you just bought!
I recycled some shares (perhaps to you) and paid the premium to market to support the company. If there is good take up, CRs will be a thing of the past. If too many say no, because the SP is below 3.7c, additional funding will be required.
The SP is at 3.7c and below because that is where the company set the SPP price to make it compelling. At this stage in BLG's development, the company should not be valued at only approx $50m. If fully funded and with some good news, the company should re-rate in a substantial way and the oppies will be well in the money. Remember, the SP was over 6c just a few months ago.
It will be interesting to see how the SPP goes.If you buy on...
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Last
4.0¢ |
Change
-0.001(2.44%) |
Mkt cap ! $73.08M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.1¢ | 3.9¢ | $117.5K | 2.947M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27673 | 3.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 150934 | 3 |
View Market Depth
| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
4.0¢ |
Change
-0.001 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 4.0¢ | 4.1¢ | 3.8¢ | 1470922 | ||
| Last updated 14.34pm 16/05/2024 ? | |||||
| BLG (ASX) Chart |