demerger will be in june , rincon will need to raise $120mill.
$40mill to come from forward sales at cash cost, for 20% of production , and another $80mill. to be raised through share liquidity , try raising $80mill. at 10cents , doesn't make it look attractive at all, iam sitting on the side lines seeing how this plays out , ady at this price has a mrkt. cap. of nearly 180mill. on a earnings per share there is still plenty room for downward movement
demerger, page-3
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Last
0.7¢ |
Change
-0.002(22.2%) |
Mkt cap ! $11.40M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $4.984K | 642.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1320820 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1210000 | 3 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| ADY (ASX) Chart |