freeprom and others,
The stock has gone EX! if you buy today you wont be entitled to rights issue. Happens on every stock, when it goes ex the ASX wipes the depth clean.
Regarding this rights issue, when a company comes in and fully underwrites an issue, they must have some serious confidence in the company down here. Given the stock was trading 4.5cents prior to the rights announcement and is now trading some 40% below that price when no actual disasterous project news was encountered. 2.7cents is a buy.
They will be seriously cashed up, no dillution for along time after this issue. If the big boys are happy to buy down here so am I.
In @ 2.8cents this morning
depth, page-10
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Last
2.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $31.84M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 275378 | 2.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.8¢ | 300000 | 1 |
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