Radish-Can you explain to me how a rising Aussie $ hurts the Aussie shareholder. It seems to me it helps. Most of UNI's expenses are in US$ while much of its capital raising has been in Aussie $. Thus if a portion of the current raise is in Aussie $, and UNI holds those Aussie $, converting only when they have to spend, there is a benefit to Aussie holders.
As to the long term benefits of UNI shareholders, two months ago UNI's market cap was roughly A$ 66 million, assuming a drop in share price to A$90 cents after the cap raise, the market cap will be roughly A$250 million, sounds like a benefit to all long term holders.
If UNI uses the funds raised to accelerate their business development, the market cap is likely to grow faster, further benefiting long term holders. Now this of course doesn't benefit short term holders who were hoping to sell out immediately. Would that be you?
- Forums
- ASX - By Stock
- existing share holders may miss-out on cr
Radish-Can you explain to me how a rising Aussie $ hurts the...
-
- There are more pages in this discussion • 33 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UNI (ASX) to my watchlist
(20min delay)
|
|||||
Last
$8.03 |
Change
0.410(5.38%) |
Mkt cap ! $616.0M |
Open | High | Low | Value | Volume |
$7.56 | $8.06 | $7.56 | $1.155M | 147.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3604 | $7.96 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$8.03 | 1183 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3604 | 7.960 |
1 | 12500 | 7.610 |
1 | 2649 | 7.550 |
1 | 500 | 7.510 |
1 | 1000 | 7.500 |
Price($) | Vol. | No. |
---|---|---|
8.030 | 1183 | 2 |
8.040 | 529 | 1 |
8.050 | 10529 | 2 |
8.070 | 529 | 1 |
8.090 | 529 | 1 |
Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
Featured News
UNI (ASX) Chart |
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
SPONSORED BY The Market Online