If this SPP is good value for money, instos could take up all the shortfall. If that's the case, and the management also take up the SPP, then, SP should rebound hard. Otherwise, market might speculate the company needs more funding along the way.
Let's see if the management act to their mouths first.
Ann: Letter to shareholders regarding Share Purchase Plan Offer, page-10
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Last
$1.40 |
Change
0.025(1.82%) |
Mkt cap ! $1.777B | |||
| Open | High | Low | Value | Volume |
| $1.42 | $1.43 | $1.37 | $26.39M | 18.95M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 60360 | $1.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 119813 | 10 |
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| BGL (ASX) Chart |