Not that I think you're suggesting it, but why on earth would PLS do a capital raise with $3b in the bank? Average volume is about 30m shares traded, and approx 550m are currently shorted. I don't think they'd cover as easily as you think, especially in the scenario you have put forth. Then hypothetically think what if a higher offer was put forward after the $4.20, say, $4.50?.
I dunno, seems a bit odd imo.
Not that I think you're suggesting it, but why on earth would...
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Last
$2.36 |
Change
-0.050(2.07%) |
Mkt cap ! $7.106B | |||
| Open | High | Low | Value | Volume |
| $2.44 | $2.45 | $2.31 | $66.76M | 28.28M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 22020 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 189205 | 5 |
View Market Depth
| Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |