So where are we going to go from here.Pretty new to all this so...

So where are we going to go from here.

Pretty new to all this so the following could be complete rubbish but bare with me:

Current value = $229.44M / $1.6 = 143.4M shares
Credit Raising = $148.8M / $1.2 = 124M shares

After credit raising at current price
Total Value = $378.24M / 267.4M shares = $1.41 / share

Over the next few days some new players will try and get in on this and get the benefit of the credit raising option.

Say price increases to $2.00 and you buy 10000 shares and then capitalise on the credit raising

$2.00 x 10000 = $20,000
10000 / 1.25 = 8000 x $1.2 = $9,600

Total outlay = $29,600 for 18000 shares = $1.64 / share

Assuming price will drop after Wednesday again back down to about say $1.69 (1.41 + 20%) $1.64 / share still looks like a good price. 20% is just a pure guess, perhaps it's be higher or lower.


For those currently holding based on the above scenario.
Say 10,000 shares increase to value of $20,000 and you don't take up the option, you end up back at $1.64 / share. Would feel a bit like being left behind even after all the good news

Take up the option and you end up with
10000 x $1.64 = $16,400
8000 x $1.2 = $9,600

Equals average share price of $1.44 / share
14% better off than not taking the option


After all that dribble I thinking we'll see $2 plus this coming few days and then a drop over the medium term once the credit rating is complete