Yes it's a little unfortunate if it goes through at 10c but anyone being realistic always knew this was a possibility.
The deal was always going to happen as there is no way another capraise would get through, not to mention the fact that a complete revamp of the debt is absolutely needed.
My hope is that it goes through well above 10c but either way we are most likely going to see a doubling of the shareprice this week.
Best result for everyone (including Mt Kellet) is a deal at a high enough level to get into the ASX200 and then they can sell a good amount of volume as the funds MUST buy.
Equity conversion, page-47
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$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
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