Hi all.
I just can’t understand the current share price trend (when considering the rights issue at 4.30). ?
we are well past the record date so shouldn’t there be selling pressure pushing the price down. ? (Wouldn’t current holders be selling now to buy at 4.30?).
Unless there is a wave of new buyers who see strong positives in the future of the stock. Like:
- company is now de-risked with the new cap raise
- low cu stockpile and strong cu price predictions
- OZL takeover means SFR is the biggest cu maker in Aust.
- money moving from OZL to SFR
- other?
well I am taking up the rights and holding long term (optimistic about Cu).
cheers all
Ann: Successful Completion of Institutional Entitlement Offer, page-10
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Last
$8.68 |
Change
-0.410(4.51%) |
Mkt cap ! $3.969B | |||
| Open | High | Low | Value | Volume |
| $8.68 | $8.75 | $8.39 | $28.91M | 3.333M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 12989 | $8.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.72 | 10023 | 2 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| SFR (ASX) Chart |