You're right.
However, when mgt goes to the raising they ask say three brokers how much will you sub-underwrite at what price. That manipulation will wash out somewhat.
It's not as bad as long term holders feel. E.g. I think RCR expect an 18c SP based on a 10c rights issue and all that dilution feeding into the SP target based on NPV.
I've targeted my holding assuming I will take at least another 50% in the raise.
For reference you can look at MDL (which is where I've gravitated from). They had a similar raising at 40c.
what we need is positive sentiment for the commodity(ies) were to produce which is what we've got.
Hope I haven said too much or given offence. I'm relatively newer in the stock . Since June but I've been in and out around a decade ago.
- Forums
- ASX - By Stock
- Share Price
You're right. However, when mgt goes to the raising they ask say...
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add IMA (ASX) to my watchlist
|
|||||
Last
7.4¢ |
Change
0.002(2.78%) |
Mkt cap ! $83.03M |
Open | High | Low | Value | Volume |
7.4¢ | 7.5¢ | 7.1¢ | $19.42K | 263.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 301140 | 7.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.4¢ | 131557 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 301140 | 0.070 |
1 | 14895 | 0.067 |
2 | 196350 | 0.066 |
1 | 15384 | 0.065 |
1 | 15000 | 0.063 |
Price($) | Vol. | No. |
---|---|---|
0.074 | 131557 | 1 |
0.075 | 40000 | 1 |
0.077 | 135000 | 1 |
0.080 | 262725 | 5 |
0.090 | 9959 | 2 |
Last trade - 14.33pm 22/08/2024 (20 minute delay) ? |
Featured News
IMA (ASX) Chart |
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online