I cant quite work out why anyone is paying .007 for these shares given that the $18m cap raising is being done at 20 cents on a post consolidation basis. This equates to buying them for 28 cents. While I think this may do well, I really cant see a 20% increase in the share price or even a 10% increase (which is what the bid at .006 infers) in the very short term.
The only value I see is at the raising price of .005 (or 20 cents post the 40:1 consol). As with most larger raisings I would expect the shares to hover around the 20 cent mark for a bit before any direction is apparent.
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Last
86.0¢ |
Change
0.005(0.58%) |
Mkt cap ! $445.9M | |||
| Open | High | Low | Value | Volume |
| 86.0¢ | 89.0¢ | 84.5¢ | $5.670M | 6.581M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 40508 | 85.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.5¢ | 100000 | 1 |
View Market Depth
| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| MTM (ASX) Chart |