I'm not going to bid into the entitlement. Unlike an unprofitable but growing corporate that needs to to raise funds to survive, I couldn't care less whether these guys raise their $50 million or not.
Instead I am going to put an opportunistic buy order in sub $2.10 and get in that way. Only reason I am pursuing it at all is because of the dilution I am copping if I don't, with the hope that a post-raise bounce some way towards NTA will allow me to sell and get some profit out of this unnecessary exercise
Ann: Placement and Entitlement Offer, page-12
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Last
$1.49 |
Change
-0.020(1.32%) |
Mkt cap ! $117.3M | |||
| Open | High | Low | Value | Volume |
| $1.51 | $1.51 | $1.49 | $208.0K | 138.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2584 | $1.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 30114 | 3 |
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| Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
| TGF (ASX) Chart |