Hi all! I think the price will come down a bit maybe not to 5.3c levels.The reason is some holders like myself may loosen up some cash by selling a portion of there holdings to take advantage of the rights issue. Its happening with MTN ,Rights issue on a standing sp of 3.34 was 2.50 share price dropped as low as 2.80 and now is trading at2.98.Once extra shares are taken up price may drop again by possible profit taking.Please give feedback on your thoughts.
This is only a stock discussion not a stock evaluation.
ann. out : renounceable rights issue, page-13
Add RMI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.39M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 164892 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 52731 | 2 |
View Market Depth
| Last trade - 16.12pm 19/07/2024 (20 minute delay) ? |
| RMI (ASX) Chart |
Day chart unavailable