Well if everyone is silly enough to lose 7% instantly, the CR would be fully subscribed, 2024 plans will be fully funded and in 12 months time, the SP would probably be up significantly.
I guess the point is the success of the CR will determine the success of the company. In the investor presentation, they make it clear they need the CR to be fully subscribed to execute on their 2024 plans.
I do not expect any announcements to be forthcoming before the current closing date. The pipeline of what may be coming is clearly laid out. Investors should not be making choices based upon the current day to day SP.
The EO was at a discount since it was post Pasenka announcement. Also tax loss selling season was also putting downward pressure on the SP.
If some news came out to push the SP over 21c, would it be wise to immediately sign up for entitlements given the SP may once again recede given there is a drought of market buyers (i.e. no one has cash left because they just participated in the CR)?
Well if everyone is silly enough to lose 7% instantly, the CR...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $27.26M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 10.5¢ | $32.27K | 292.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4500 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 639791 | 12 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
11.0¢ |
Change
0.005 ( 2.33 %) |
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| Open | High | Low | Volume | ||
| 11.0¢ | 11.0¢ | 10.5¢ | 260965 | ||
| Last updated 15.53pm 26/04/2024 ? | |||||
| RFX (ASX) Chart |