In my opinion this is an excellent outcome for RFG. The mill stone around this coys neck was the debt and imminent threat of the banks calling time. Underlying profitability and fundamentals always pointed at significant upside in valuation. The dilution impact will be well and truly covered by the revaluation to normal levels based on the normal metrics with the debt issue sorted. It will also significantly improve the position of management in the negotiation of asset sales - no fire sales pressure.
As always not advice just my observation.
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- Ann: Upsized Underwritten Placement
Ann: Upsized Underwritten Placement, page-5
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Last
6.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $171.7M |
Open | High | Low | Value | Volume |
6.9¢ | 7.0¢ | 6.7¢ | $87.61K | 1.274M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 327850 | 6.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 356 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 327850 | 0.068 |
4 | 422447 | 0.067 |
5 | 505992 | 0.066 |
4 | 856424 | 0.065 |
2 | 47065 | 0.064 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 56080 | 3 |
0.071 | 61175 | 4 |
0.072 | 57780 | 3 |
0.073 | 413700 | 3 |
0.074 | 1601425 | 4 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
RFG (ASX) Chart |
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SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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