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09:43
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Originally posted by Nani (MG)
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Boyz what do you guys think about this one. It was announced in Late Dec that Select Exploration will be doing a Reverse Takeover of this one. But the SP of Select didn't go Gangbusters at all. Is it because the business is not good or Investors want to wait and see until it really happens as the Original Time Table was months away when this was announced in Dec. It will be a fixed 20C consolidation so at the current SP of 0.006c it should be a 33 to 1 consolidation and the 2 Lead brokers are closing the books at Midday tomorrow. One of the broker contacted me saying that the demand from instos is very high and this is only an S708 raising this $7.5 mil to $10 mil. Apparently the Trading Halt should be lifted once the brokers close the bids Tomorrow at 12PM. Do you think the SP will spike once the announcement is made tomorrow or Friday. Is it worth a punt. Kati, John and Dimaz plus others your feedback tonight is highly appreciated.Rent.com.au raising up to $10 million
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