The shares are trading at 25c now and not 40c like they were before it was suspended because the market knows that there will be a heap more shares coming online.
The market also knows debt etc has been significantly reduced, I think the price will be around these levels and will keep pushing up higher as the company turns around and proves its earnings to the market.
All the news is out there, if they were going to trade 15c cause of the placement they would have done it or be close to it by now I would have thought, ie sellers would be dumping and buyers be reluctant
I hold and think this will be a good recovery story
latest news, page-133
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Last
$8.86 |
Change
0.270(3.14%) |
Mkt cap ! $1.400B | |||
| Open | High | Low | Value | Volume |
| $8.63 | $8.86 | $8.58 | $5.997M | 684.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1161 | $8.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.86 | 1492 | 3 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| ELD (ASX) Chart |