The SPP isn’t underwritten. They have over 1400 shareholders - they only need 100 to take their full entitlement to raise what they need. (In fact they only need half that to get the $750k for the buyout)
Still with no other news there’s likely to be downward pressure on price once the new shares are issued and quoted - particularly if there’s a shortfall and they get a broker to place that shortfall.
We do also know though there’s news coming - we’ll get some kind of production update as part of the quarterly.
Fundamentally if the mining goes to plan this looks very strong but short term technicals there’s factors that could see it soft for a bit depending how successful or otherwise the SPP has been.
- Forums
- ASX - By Stock
- General Discussion Thread
The SPP isn’t underwritten. They have over 1400 shareholders -...
-
-
- There are more pages in this discussion • 106 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 YAR (ASX) to my watchlist
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.447M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 2731053 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 1138794 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 2731053 | 0.003 |
23 | 36948255 | 0.002 |
8 | 19870000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 1138794 | 3 |
0.005 | 8230005 | 8 |
0.006 | 2031116 | 4 |
0.007 | 98663 | 1 |
0.008 | 1555 | 1 |
Last trade - 10.13am 25/07/2024 (20 minute delay) ? |
Featured News
YAR (ASX) Chart |
Day chart unavailable