I have sold out today. Love the company, but there is massive dilution coming when this deal completes in a couple of weeks, so the market cap of this stock will suddenly jump to over $300m, which means it will be overvalued for sure. At the same time a large number of shares will become free trading which people got at 3p. It is pretty obvious that a lot of these will get sold to lock in an eight bagger, particularly given the high valuation. I will hope to buy back in after that.
I have sold out today. Love the company, but there is massive...
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Last
31.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $380.0M | |||
| Open | High | Low | Value | Volume |
| 32.0¢ | 32.5¢ | 31.5¢ | $471.5K | 1.476M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 111041 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 32.5¢ | 68228 | 4 |
View Market Depth
| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| WC8 (ASX) Chart |