...my opinion is that they still have enough cash, so this proposed raising has come about from an investor or investors that want to be on board for the potential upside without buying on market which has minimal shares on offer on a day to day basis. if this is the case they should be paying more than current the price. it is not unusual for an investor to instigate such a thing, the more larger scale holders on the share register the better for de-risking purposes.
if done well, a new investor could be paying a price equivalent to a future business plan base case
...my opinion is that they still have enough cash, so this...
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Last
$20.17 |
Change
0.070(0.35%) |
Mkt cap ! $2.578B | |||
| Open | High | Low | Value | Volume |
| $20.39 | $20.53 | $20.14 | $4.102M | 202.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 249 | $20.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $20.31 | 790 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| NEU (ASX) Chart |