Remind me not to ask you to do any accounting for me.
Shares before rights ann on 28/8 was 426 mill gives 17.5 mill market cap at 4.1 cents
Today 635 mill shares at 2.6 cents gives 16.5 mill
PLUS
110 mill ops at 0.7 cents gives 0.8 mill
So market cap today is 17.3 mill against 17.5 mill before the rights issue
What's the difference? $5 mill in the tin now (that wasn't there before) to do the work.
Oh - and anyone who paid 2.5 cents for their rights can sell today for 2.6 plus half of 0.7 (1 for 2 free ops).
That's a 20% return on your rights investment in just a few weeks.
Option code is THXOB in case anyone hadn't seen that yet.
DYOR
Remind me not to ask you to do any accounting for me. Shares...
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Last
0.6¢ |
Change
0.001(10.0%) |
Mkt cap ! $39.27M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $3.062K | 547.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 26081491 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 32217658 | 25 |
View Market Depth
| Last trade - 14.37pm 23/08/2024 (20 minute delay) ? |
| OAU (ASX) Chart |