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4.55%

10.5¢ redflow limited

Ann: Entitlement Offer - Extension of Closing Date, page-57

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simonmag

252 Posts.

45

20/07/23

17:46

Post #: 68894376
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Originally posted by awg801: ↑

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)?

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Awg,
if you believe everything in the investor presentation will actually happen then i understand why you will support the EO. I have my doubts!

RFX Price at posting: 19.0¢ Sentiment: Hold Disclosure: Held
1 Upvote

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(20min delay)
Last 10.5¢		Change -0.005(4.55%)		Mkt cap ! $24.89M

Open	High	Low	Value	Volume
11.0¢	11.0¢	10.5¢	$53.43K	500.9K

Buyers (Bids)

No.	Vol.	Price($)
23	1009292	10.5¢

Sellers (Offers)

Price($)	Vol.	No.
11.0¢	277386	8

View Market Depth

No.	Vol.	Price($)
23	1009292	0.105
40	1082062	0.100
1	15000	0.099
1	10204	0.098
1	30622	0.097

Price($)	Vol.	No.
0.110	277386	8
0.115	423903	9
0.120	282882	8
0.125	256353	2
0.130	103	1

Last trade - 16.10pm 20/05/2024 (20 minute delay)


Last 10.5¢			Change -0.005 ( 4.55 %)
Open	High		Low	Volume
11.0¢	11.0¢		10.5¢	162851
Last updated 14.15pm 20/05/2024 ?

RFX (ASX) Chart