Yes, and significant that the 14c option strike price hasn't provided as much resistance as some might have expected.
The company is in a much improved position now with the capital raising out of the way and a very good chance of realising significant cash inflow from options exercise within a year.
One of the factors depressing the share price so badly was undoubtedly insider knowledge of looming capital requirements and the inevitability of a discounted rights issue. Touch wood, there should be no need now to raise further capital in the forseeable future, with a large number of in-the-money options on issue. Unless it's for something very specific and worthwhile like a large scale rollout of lockers or some such thing.
The general lift in market sentiment has helped, but a rise from 7c and staring at the abyss, to 16.5c without a lot of selllers, is more than just overall market senstiment. We're seeing a re-rating. Let's hope a robust one, as the stock has proved very fragile in the past.
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Last
2.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.388M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4250 | 2.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 198691 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4250 | 0.021 |
3 | 1055000 | 0.020 |
1 | 27833 | 0.018 |
1 | 99888 | 0.008 |
1 | 718000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 198691 | 2 |
0.027 | 2000000 | 1 |
0.028 | 2675000 | 1 |
0.030 | 166667 | 1 |
0.031 | 195000 | 1 |
Last trade - 16.00pm 09/07/2024 (20 minute delay) ? |
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