I guess everyone just needs to think long and not worry too much about the discounted offer all though it seems a very sweet deal for those newbies coming on board and not good news for those holders of late.
52c is a massive discount considering today's SP ... one would suggest that it will get hoovered up by the institutions very quickly and regular bloke - gal on the street wont get a crack at it. I wonder where the SP will get to on open ... one would suggest a southerly direction.
Still it will be a big endorsement to have a big institution on the registry especially as the stock is tightly held.
I think this will get them to next stage and the share price we rise again in the short term.
I am holding for a take over offer, or part sale, or off take agreement of the asset which could be in within the next 12 months.
Its still a $2 + stock everyday of the week in the long term (within 1- 2 years).
Just my humble opinion but I rank this as a safe stock & a great story.
I guess everyone just needs to think long and not worry too much...
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Last
28.5¢ |
Change
-0.035(10.9%) |
Mkt cap ! $112.0M | |||
| Open | High | Low | Value | Volume |
| 32.5¢ | 32.5¢ | 28.5¢ | $172.7K | 587.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 31899 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 73064 | 4 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
29.5¢ |
Change
-0.035 ( 3.28 %) |
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| Open | High | Low | Volume | ||
| 31.0¢ | 31.0¢ | 28.5¢ | 183495 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| SFX (ASX) Chart |