The rights issue at $1.39 is fully underwritten, hence can't see BPT dropping the rights price. They're guaranteed the money regardless of how much lower it goes. There will be a lot of stock looking for the exit gates once the sp moves up a little, and this overhang will keep a lid on the sp for a while, all things equal. Hopefully some good news will come soon from successful BMG production recommencement (do the sums on their 50% share of 25000 bopd) to reignite the sp.
The rights issue at $1.39 is fully underwritten, hence can't see...
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Last
$1.11 |
Change
-0.025(2.21%) |
Mkt cap ! $2.520B | |||
| Open | High | Low | Value | Volume |
| $1.13 | $1.14 | $1.09 | $9.538M | 8.626M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 94545 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.11 | 199949 | 8 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| BPT (ASX) Chart |