I don't think the share price will tank much when shares resume trading. Sure there will be a plunge as the instos start dumping their loot on the market but I would be surprised if it goes below $ 27.
As an indication, when Onesteel raised capital at 1.80, the share price did not come even close to the placement price. And I sense far more confidence for MQG than OST.
As always I could be proven wrong.
capital raised at $27, page-2
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Last
$208.73 |
Change
0.880(0.42%) |
Mkt cap ! $79.66B | |||
| Open | High | Low | Value | Volume |
| $208.00 | $209.90 | $207.70 | $76.15M | 365.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $208.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $208.80 | 150 | 1 |
View Market Depth
| Last trade - 16.10pm 24/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |