Don't rule out a deal with one of the major holders, resulting in huge dilution. $40M at say 8c, 500M shares, nearly doubling current shares on issue.
Before someone like Wei An will tip in more cash, you'd want to see the back of the current board. As previously stated by others, the board will be trying to swing a deal that has them keeping their jobs and options.......
If major dilution occurs, it will be a long road back to recovery.
A full takeover tilt at 30c or better is my preferred result, but with blood in the water, interested parties may just sit back and watch.
Don't rule out a deal with one of the major holders, resulting...
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Last
$1.07 |
Change
-0.005(0.47%) |
Mkt cap ! $320.9M | |||
| Open | High | Low | Value | Volume |
| $1.07 | $1.08 | $1.06 | $161.3K | 151.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5291 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 20000 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ACF (ASX) Chart |