Renascor up 30% today, on I guess because of all the positive vibes from the budget and from the US. Meanwhile, this tiddler gets less than a 5% bump.... Renascor has now a market cap of $330m while here we sit with a market cap of less than $22m. I never like calling prices - because more often than not I'm dead wrong - but it seems to me that this surely presents as a screaming arbitrage opportunity between RNU and IG6.
Another angle: imagine the different response from the market if the cap raise closed next Friday rather than last Friday.
The company has very quiet about the outcome of the SPP which suggests to me it was not a total success. Hopefully the budget and Biden's initiatives will sweeten the sentiment towards all local graphite plays. As long as they can keep the lights on for the next 12-18 months they should do okay in the medium to longer terms, in my view.
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Last
6.6¢ |
Change
-0.004(5.71%) |
Mkt cap ! $12.77M |
Open | High | Low | Value | Volume |
7.1¢ | 7.2¢ | 6.6¢ | $23.58K | 346.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.8¢ | 48955 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.062 |
1 | 100000 | 0.061 |
1 | 11000 | 0.060 |
1 | 10909 | 0.055 |
1 | 19249 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.088 | 48955 | 1 |
0.090 | 27777 | 1 |
0.092 | 107500 | 1 |
0.130 | 7699 | 1 |
0.135 | 46000 | 2 |
Last trade - 15.55pm 17/09/2024 (20 minute delay) ? |
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IG6 (ASX) Chart |