I think this attack on the SP was a tactical manipulation by institutions to sabotage the
retail entitlements. They want to take all the shares. There is 134 Million Shares for grabs
under the retail at 27c. So who retailer would want to take their entitlements at 27c now.
They did a good Job. I'm not expecting a sp improvement until the 19th(Next Thursday)
when retail closes.
"Placement and Institutional Entitlement Offer received strong support from both new and eligible existing
institutional shareholders, with existing shareholders (excluding EMR Capital) 1 subscribing for approximately
82% of their entitlements in the Institutional Entitlement Offer. New Shares not taken up by both eligible and
ineligible institutional shareholders have been fully allocated to eligible institutional investors with priority
given to existing shareholders."
Here is hypothetical scenario, Say if instead of a capital raising, the company is rewarded by insurance of $120M
compensation, Question is, Will the Market cap be at $314M which is what 29M is now with a capital injection of 120M.?
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- Ann: Change in substantial holding
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Last
28.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $394.2M |
Open | High | Low | Value | Volume |
28.0¢ | 29.3¢ | 28.0¢ | $555.2K | 1.951M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 481253 | 28.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 95069 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 481253 | 0.285 |
7 | 98608 | 0.280 |
4 | 63089 | 0.275 |
9 | 258225 | 0.270 |
5 | 110196 | 0.265 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 95069 | 2 |
0.295 | 315714 | 4 |
0.300 | 88750 | 3 |
0.305 | 125393 | 3 |
0.310 | 70000 | 2 |
Last trade - 16.10pm 01/08/2025 (20 minute delay) ? |
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Ron Miller, Non-Executive Director
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