It'll be $7m that was the maximum, says up to $7m & it's scaled back.
I'm a little surprised at how strong this is which such a small premium & even more surprised at the fall today. There must a significant number of participants in the SPP (or placement) doing a quick flip.
Share price should dance around $2.70 until sellers clear before going back through $3 IMO.
A good time to top up if you want to.
For me this is a great outcome, it means the company is fully funded to complete it's growth plans.
Ann: SPP Closes Oversubscribed, page-3
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Last
$1.24 |
Change
-0.025(1.98%) |
Mkt cap ! $253.9M | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.27 | $1.24 | $145.5K | 116.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 16994 | $1.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.27 | 13918 | 1 |
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| Last trade - 16.10pm 05/11/2024 (20 minute delay) ? |
| SVR (ASX) Chart |