re: Ann: Market Update - Transaction with LS-... Comment taken on board asf. But, how and why would a Company offer a Rights Issue at a 35% discount to current SP when, as everyone has said, Copper is red-hot and SFR has big exploration upside. I just don't see it.
I read the comment as saying an alternative equity raising could involve a rights issue (YES PLEASE!) and if so, I don't see the price being much, if at all, below $7/share.
OZ selling down, not sure, although I think we've all seen that game before a take-over bid.
I think alot of people have been caught off guard with SFR and are realising the true value and potential in what they have.
I'm not selling yet, that's for sure.
Ann: Market Update - Transaction with LS-Nikko Co, page-11
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Last
$8.34 |
Change
-0.290(3.36%) |
Mkt cap ! $3.814B | |||
| Open | High | Low | Value | Volume |
| $8.44 | $8.45 | $8.06 | $38.00M | 4.580M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 11212 | $8.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.38 | 1974 | 1 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| SFR (ASX) Chart |