I reckon 1c is about right if no funding as a lights on raise will need to be at a decent discount.
If finance across the line then I’d expect to see SP around 6.5c when the dust settles, this will depend on how the accompanying raise to the equity component is handled and the amount of dilution but I’d expect to see a MC of about $250m or 25% of project NPV on finance approval.
Nornally I’d expect a higher % but think the market will still be cautious here given the reputation we now have.
I reckon 1c is about right if no funding as a lights on raise...
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Last
1.9¢ |
Change
0.001(5.56%) |
Mkt cap ! $59.09M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.9¢ | 1.7¢ | $25.83K | 1.431M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 4347850 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 3045798 | 16 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
1.8¢ |
Change
0.001 ( 2.86 %) |
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| Open | High | Low | Volume | ||
| 1.8¢ | 1.8¢ | 1.8¢ | 263596 | ||
| Last updated 15.56pm 03/05/2024 ? | |||||
| ADN (ASX) Chart |