Further to this just remember that at the moment there is only 1 million shares on offer up to 10 cents and buyers trying to buy 4 million shares down to 7 cents. If there was no CR then I would guess to say the SP would be 9 - 10 cents in anticipation for the China deal.
The shares have been oversold IMO as the SPP will only dilute the shares by 1.7% yet the share price has dropped by 19% since the announcement of the CR so IMO this price represents terrific value and a great buying opportunity. As a few others have alluded to today in these posts I too have just topped up on market rather than waiting for an oversubscribed reduced allotment and a sharp rise in the price from China news. Far safer strategy IMO.
Happy Friday to everyone!!!
Charting, page-3322
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Last
8.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $123.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 401162 | 8.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.1¢ | 879 | 1 |
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| Last trade - 09.55am 16/07/2024 (20 minute delay) ? |
| AGY (ASX) Chart |
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