It doesn't quite work like that.
A fall of that magnitude would trigger a breach of the lending covenants & trigger a capital raising.
With the price where it currently is that would be diluting & as such would reduce the NTA further.
A snowball effect if you like.
Anything bigger than a 20% fall in asset prices & were in trouble IMO.
It doesn't quite work like that.A fall of that magnitude would...
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Last
$1.15 |
Change
0.005(0.44%) |
Mkt cap ! $680.9M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.15 | $1.14 | $303.1K | 265.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 24999 | $1.14 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.15 | 19650 | 10 |
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| Last trade - 11.59am 04/07/2024 (20 minute delay) ? |
| COF (ASX) Chart |