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I think directors said they'll sub-underwrite 6.5m shares at...

  1. danbradster
    5,852 Posts.
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    04/09/23
    16:28
    Post #: 69724409
    I think directors said they'll sub-underwrite 6.5m shares at $0.06? $375k divided by 5 directors = $75k each average. Not crazy relative to their wages, but still significant.

    So $0.05 is a fairly crazy price to be trading at so soon after the raising.

    https://hotcopper.com.au/data/attachments/5561/5561432-8866c0dbfc64d8badbe06769ae74c235.jpg
    RCL Price at posting: 4.9¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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