So stay long and look to snap up their shares too. Eat their lunch.
This SPP presents for a unique window to possibly take advantage of traders offloading, if they sell under the current price.
IMO the stock is underpriced (IMO) anyway so once the trading halt lifts it'll make for interesting viewing. The expected volatility is going to attract day traders.
It is a compelling offer so the subscription take-up is going to be interesting. If it works out then they'll be able to rinse and repeat for ongoing liquidity.
I think $4.50 is where we should realistically be at right now.
So stay long and look to snap up their shares too. Eat their...
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Last
$1.54 |
Change
-0.015(0.97%) |
Mkt cap ! $261.5M | |||
| Open | High | Low | Value | Volume |
| $1.55 | $1.55 | $1.50 | $111.4K | 73.35K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 500 | $1.53 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 1400 | 1 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| RAC (ASX) Chart |