If ORE remains below the placement price during the next few weeks I assume a significant number of eligible shareholders will not take up their entitlement. This would result in the underwriter covering a large shortfall and there being an overhang of shares.
If that happens maybe the stock will move back towards $2 in the subsequent weeks.
Perhaps it's better to wait before buying?
What do you all think?
- Forums
- ASX - By Stock
- if it remains below the placement price
If ORE remains below the placement price during the next few...
-
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)