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16.7% 0.5¢ blaze minerals limited

5 cents is too greedy

  1. Jefferies
    566 Posts.
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    10/10/05
    08:28
    Post #: 1166778
    I think that 5 cents for the new issue is too greedy. Company has the cheek to say that the new issue is a reward to shareholders. On a consistently falling share price! Could backfire. Directors should have done what Biota (BTA) did - set a price low enough to ensure that the issue is oversubscribed.
    BLZ Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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