Bc8 will do what it does. The previous placement allowed for a fat tax break so it was way cheaper than 82c. Most of those stags went a long time ago. The investors aren’t here for pennies. The stock will now chew through any flippers into news by the looks of things. The buyers are happy to take cheap stock at the moment. The stock is also trading over the placement price and management have dug deep yet again. This is short termism and standard fare for placements.
Ann: Successful Share Placement Raises $20M, page-42
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Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $230.6M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 53.0¢ | 51.0¢ | $629.9K | 1.210M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2500 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 52.0¢ | 12720 | 1 |
View Market Depth
| Last trade - 16.10pm 10/10/2024 (20 minute delay) ? |
| BC8 (ASX) Chart |