another reason why the capital raise wont occur is the significant disconnect between the project value and the market cap of SRL. this is controlled by market sentiment.
I see 70% NPV a fair raise price using your method.. in order for that to happen cap raise would need to occur at around $12 which is like 4x today SP
Bidding War, page-17
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Last
38.5¢ |
Change
-0.025(6.10%) |
Mkt cap ! $34.73M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.0¢ | 38.5¢ | $11.50K | 29.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 14870 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.0¢ | 9879 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| SRL (ASX) Chart |