The capital raising looks like happening at around 25 cents per share. Therefore the dilution effect of new shares should be a non issue at a 20 cent share price.
Still a good short to medium term buy, and still a takeover target. Got some at 19 cents after the fall.
My opinions only.
The capital raising looks like happening at around 25 cents per...
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Last
42.0¢ |
Change
0.010(2.44%) |
Mkt cap ! $510.2M | |||
| Open | High | Low | Value | Volume |
| 41.0¢ | 42.0¢ | 41.0¢ | $118.8K | 285.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 154881 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 294066 | 7 |
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| Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
| MGX (ASX) Chart |