It's fallen from $5 because the company didn't have a clear path forward (IMO). Now that story is starting to come back together.
The raising is a rights issue so everyone gets equal entitlement to shares at the offer price. It's only really an issue if you can't take up your rights for whatever reason. If you think the deal is value accretive then you are getting the opportunity to take on discounted shares which in theory you should benefit from.
If you don't like the deal then that is a different story I suppose but comes with an entirely different set of decisions.
Ann: Trading Halt, page-33
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Last
20.8¢ |
Change
0.003(1.22%) |
Mkt cap ! $171.7M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.0¢ | $674.4K | 3.271M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 918924 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 323318 | 23 |
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| Last trade - 13.54pm 07/08/2024 (20 minute delay) ? |
| SBM (ASX) Chart |