I think you will find the SP will be kept just under the 6c, around 5.7 to 5.9c till the raise closes..
The underwriter will then get a good amount of the shortfall plus all the other Instos will have a huge number of shares at 6c
Then the price will go up magically...
Maybe I am too cynical?
JRV Cobalt, page-523
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $29.73M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $33.93K | 3.083M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 3245843 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1454969 | 7 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| JRV (ASX) Chart |