I agree it is a risky business having money tied up dead for any period, though it is only a small amount. This seems to a reasonable bet at this price. If the SP falls back to issue within a few weeks then surely you could make a profit by selling sooner than that.
There has been a lot of news timed to coincide with the SPP to get it over the line (easy to do within reporting requirements simply by timing submission of samples and paying the lab more to have it done by a certain date). As this is likely to dry up I agree it was a risk and if the SP is 80c again by issue I'll be peeved.
Companies are doing most of their fund-raising from institutions and professional investors of late because of the deleterious effect an SPP has on the SP.
I agree it is a risky business having money tied up dead for any...
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Last
$1.94 |
Change
-0.060(3.01%) |
Mkt cap ! $2.214B | |||
| Open | High | Low | Value | Volume |
| $1.96 | $2.00 | $1.94 | $5.181M | 2.651M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 69014 | $1.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.95 | 3271 | 1 |
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| Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
| RMS (ASX) Chart |