A bit of food for thought
Prior to the rights issue the sp was $0.19 valuing the company at around $101,000,000. Add to that the $85,000,000 that has been raised via the rights issue giving a total equity of about $185,000,000 and then dividing by the new number of shares on issue that gives a share price of just over $0.16. At current levels the share price looks too cheap.
Any other thoughts.
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Last
30.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $96.37M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 30.5¢ | $1.079K | 3.538K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 106352 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 76847 | 2 |
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| Last trade - 14.17pm 18/06/2025 (20 minute delay) ? |
| EGN (ASX) Chart |