A heavily oversubscribed CR can be good for the SP longer term. If this $ is used right it will fund rapid expansion which will in turn create more demand for the shares - if you are a long termer this is excellent news!
If you are interested in turning a modest profit quickly - go for it.
My recollection of the 27c raise is that the SP was 54c within 3-4 months post that!
A heavily oversubscribed CR can be good for the SP longer term....
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Last
$2.45 |
Change
0.010(0.41%) |
Mkt cap ! $1.691B | |||
| Open | High | Low | Value | Volume |
| $2.45 | $2.51 | $2.43 | $5.243M | 2.122M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 35541 | $2.45 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.46 | 2681 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PNV (ASX) Chart |