Bergen or no Bergen, convertible notes like this almost never play out well for shareholders. Typically you see a bounce as lemmings jump in thinking it's a great deal before the sell down starts but it seems people are waking up to these deals and how they play out. I can't believe there weren't better options available for the company - the fact they chose this makes me wonder if they really have the ability to get this project up and running.
Bounceback Soon?, page-6
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Last
1.0¢ |
Change
0.001(5.56%) |
Mkt cap ! $13.28M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $1.61K | 161.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 4173372 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 4407983 | 18 |
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| Last trade - 12.15pm 19/07/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |