Not if MXC s now 20% above after a bigger % CR....
Suggestion better learn how markets work. Markets will adjust to the sector re-pricing which says MM/Ganjas of quality like BOT circa 20% above and so I say 6.5c open....or higher.
That is in line with peers, no use selling at 6.2c if its going to be repushing 7c soon, given the 2-3x oversubscribing....
And if BOT screen their holders better than MXC as not award shares to just other MM CR flippers and go with strategic holders, the float may not rise by much, register tighter and even 6.7c -7c possible.
No way below 6c though. IMHO. Too small a raise. Too much demand.
DYOR
GG
Not if MXC s now 20% above after a bigger % CR.... Suggestion...
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Last
36.0¢ |
Change
0.025(7.46%) |
Mkt cap ! $567.0M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 36.5¢ | 33.3¢ | $14.94M | 42.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 112268 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 276101 | 7 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BOT (ASX) Chart |