In the instance of a capital raise, unfortunately given the insto shareholders have been burnt big on RED, I don't think there will be much appetite from these holders. I am not sure a $1.10 would be the right level. I think it will have to be a deeply discounted rights issues (ie sub 80cps) to get sufficient interest from the insto community. And it will be the insto holders who control this process, should it eventuate.
Ann: Quarterly activities report , page-67
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
42.5¢ |
Change
0.005(1.19%) |
Mkt cap ! $2.891B | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 43.5¢ | 41.5¢ | $11.42M | 26.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 222136 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.5¢ | 1437793 | 11 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| RED (ASX) Chart |