the fact that it dropped 15% on rumours of a capital raising and 10% after they did the placement seems to indicate that investors think something is amiss.
the fact that the company had to raise capital at just over a $1 means that management are a bit desperate for money
the company had a maturing bond
they would have known about it for a while.
fukashima and some breakdown in production has caught them short
makes me think they are now balancing precariously on the edge of a cliff.
one little mishap....
the fact that it dropped 15% on rumours of a capital raising and...
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Last
$14.13 |
Change
0.960(7.29%) |
Mkt cap ! $4.221B | |||
| Open | High | Low | Value | Volume |
| $13.93 | $14.28 | $13.83 | $30.08M | 2.135M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 1867 | $14.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $14.13 | 1522 | 22 |
View Market Depth
| Last trade - 13.32pm 11/07/2024 (20 minute delay) ? |
| PDN (ASX) Chart |