Definately think it's a good move as already pointed out by Trig. They know what to do now having learnt from the mistake of not using an underwriter in current volatile market.
This should also help to put a floor under current SP which is very cheap at the moment. In fact we're back at the mid 2010 low point again. If they get it right this time around the upside potential looks quite good from here. Fingers crossed.
rights issue may be cancelled, page-21
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Last
17.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $404.3M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 18.0¢ | 17.3¢ | $624.4K | 3.553M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 209908 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 809563 | 23 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ARU (ASX) Chart |