If this is just a "top-up the bank" CR - then you could well be right.
Market will interpret this (rightly or wrongly) as admission they aren't even close to a deal. Worse, the deals they were working on have slipped away.
BUT! I am still hoping they will announce something positive to counter-act this potential negative.
Call me a glass-half-full kind of guy (or guilty of confirmation bias).
Ann: Trading Halt, page-116
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Last
18.0¢ |
Change
-0.015(7.69%) |
Mkt cap ! $353.2M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 17.8¢ | $2.552M | 13.44M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 753863 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 423608 | 5 |
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| BRN (ASX) Chart |