There's a couple of points to this in my opinion.
1. Supports share price (who bought at $3 + would be looking seeing share price down here
2. Helps aid in further dilution at a heavily discounted price if more funds needed in future (can u imagine the complaining then if we had to raise at $1)
3. Be interesting to see short covering
4. Bg over hang
5. Confidence in management, showing once again protecting share holder value (slick they chose not to get insto $ in last raise to look after share holders)
my opinion only, not a buy or sell recommendation
There's a couple of points to this in my opinion.1. Supports...
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Last
$1.47 |
Change
0.000(0.00%) |
Mkt cap ! $250.5M | |||
| Open | High | Low | Value | Volume |
| $1.48 | $1.50 | $1.46 | $100.3K | 68.12K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8350 | $1.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.48 | 958 | 1 |
View Market Depth
| Last trade - 14.40pm 13/11/2024 (20 minute delay) ? |
| RAC (ASX) Chart |