I spoke with the company at the end of September and they sounded positive, and said sales started after the announcement in August. We'll see on Monday.
For the rights issue, I'm guessing Senosi named the price that he would underwrite the offer. Have rights actually traded in Australia? 20 cents looks cheap, but would have settled for that earlier in the year. Company will say they put out a cautionary announcement so price should never have been at 80c, thereby negating any questions 60c rights issues. Feels like Senosi driving the company now, and noticed this week he's just acquired Mooiplaats colliery which we sold in 2017.
Rights offer, page-7
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $61.18M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250000 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 25760 | 2 |
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| Last trade - 16.12pm 15/05/2024 (20 minute delay) ? |
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