Obviously the trading halt is in regards to a capital raising.
The company should have done this quite some time ago when the share price was multiples of what it is right now. Less dilution, etc...
Better late then never.
It's a fair bet the share price will initially drop when trading recommences, but once the dust settles we should finally see a "real" bottom.
If the price of silver stabilizes (and with QE3 looking more likely, I believe it will), SVL could do well from here...
capital raising
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $241.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $409.0K | 2.553M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 206187 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 941680 | 20 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| SVL (ASX) Chart |