The CR will be confirmation that they are picking up an asset with a current enterprise value well north of $400m for just $240m
Its a CR that adds value.
If it was CR to get some working capital for day to day ops like the last one, then it would likely be the case to see a drop.
Some however may need to fund the 36c purchase with current share sale. That is an unknown.
Just my opinion
Cheers
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Last
$2.89 |
Change
-0.030(1.03%) |
Mkt cap ! $8.668B | |||
| Open | High | Low | Value | Volume |
| $2.89 | $2.92 | $2.88 | $9.803M | 3.373M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 59 | 383052 | $2.88 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.89 | 99229 | 18 |
View Market Depth
| Last trade - 10.53am 30/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |