The risk is the same as the risks that have materialised over the last year so it's hard to argue that now is the right time to buy.
Current market cap is about 100m when you factor in the cn's. If there's another cr it will make 12c challenging.
Personally I think RSG will get most cn's, taking their share of the company to over 50% and I'm sure that's their plan. Once they are set they can dilute remaining holders via additional cr's in the ramp up phase. They can always find ways to spend money for that purpose.
Alternatively they can help NMG get back on their feet quickly without any further dilution to existing holders and they will own their 19.9%. What would be the point of that for RSG?
Lots of people looking at NMG as a turn around story i guess but its a hard one. RSG might offer better value. I hold neither. Just interested.
The risk is the same as the risks that have materialised over...
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Last
$1.07 |
Change
-0.005(0.47%) |
Mkt cap ! $320.9M | |||
| Open | High | Low | Value | Volume |
| $1.07 | $1.08 | $1.06 | $161.3K | 151.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5291 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.10 | 20000 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| ACF (ASX) Chart |