It's not all bad news here I think, opportunity to buy in further at a considerable discount, operating cash for the future removing the on hand cash shortage, IMO these guys are sitting on some fantastic sites and have as yet have not hit the silver. The operating cash this issue should inject may make all the difference in this regard.
I may be optimistic but I see a lot of upside in this, I think there was already a bucket load of dilution factored into the SP and it gives the business the cash it needs to continue.
Am very interested in others opinions on this.
All the best
Ann: Non-Renounceable Issue - Prospectus , page-3
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Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $256.3M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.5¢ | 16.5¢ | $598.7K | 3.513M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 722567 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 886260 | 9 |
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| SVL (ASX) Chart |