Lots of non-holders commentating and very few holders. The last traded price is not reflective of the issue of a ridiculous 10 for 1 dilution, and its price of course dependent on take up, but 30 cents vs the 2.9 cents rights price is a mighty tempted mark-up for share that should, being ex-entitlement, be theoretically trading at a par to the extra 10 for 1 existing.
Perhaps not quite the doom and gloom the commentators posting on here - the company management appalling undeniably - given the Vietnamese and Singapore approvals. Personally I will be reinjecting the money I made selling at okay levels cum-entitlement and also on the final days trading 500-900% rally in the rights entitlement.
To give you a clue if the new shares trade half the closing price (presuming the fools managing get the reporting done), they are worth fivefold their cost - not without considerable risk to all invested capital going to zero of course. What bedlam this end of the market. Strong arguments for stronger listing rules and serious amendments/floors in entitlement discounts in Australian Securities law.
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Last
6.9¢ |
Change
-0.001(1.43%) |
Mkt cap ! $7.559M |
Open | High | Low | Value | Volume |
6.9¢ | 7.0¢ | 6.8¢ | $159.7K | 2.306M |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 8582 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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7.0¢ | 14200 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 8582 | 0.069 |
4 | 499770 | 0.068 |
3 | 126925 | 0.067 |
1 | 15000 | 0.066 |
4 | 73461 | 0.065 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 14200 | 1 |
0.071 | 85445 | 2 |
0.072 | 347222 | 1 |
0.074 | 337837 | 1 |
0.075 | 437354 | 2 |
Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
6.9¢ |
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Change
-0.001 ( 1.43 %) |
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Open | High | Low | Volume | ||
6.9¢ | 7.0¢ | 6.9¢ | 206338 | ||
Last updated 15.48pm 24/05/2024 ? |
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