Next weeks SP will depend on how successful the Entitlement Issue was subscribed to. Hopefully they raised at least half of the $5 mil + that they were hoping for.
The prospectus "Key Dates" schedule states that a report is due to the ASX on 18th SEPT (ie Today) of under subscriptions. I think this means the amount raised.
When the Issue went Ex Entitlement the SP was around 1 cent below the Issue price but now it is 1 cent above the Issue price, so any shortfall should be more easily disposed of to a sofisticated investor (maybe).
nice finish to the week, page-2
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.330M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $5.985K | 1.995M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 60 | 69123377 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 2721779 | 6 |
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| Last trade - 15.57pm 13/09/2024 (20 minute delay) ? |
| LNR (ASX) Chart |