This post is a nonsense - perhaps you could include some substance in your post to give your argument a little credibility?
The new shares are from what has been called the best capital raise of 2019 - directors buying lots of shares at a premium.
Their strategy is clear and if they are successful at simply the stuff that's on the table right now then it could be a $3+ stock ($100m for the PRV and $350m for Bisantrene)
DYOR
Timber, page-4
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Last
$1.91 |
Change
0.025(1.33%) |
Mkt cap ! $317.6M | |||
| Open | High | Low | Value | Volume |
| $1.89 | $1.93 | $1.85 | $166.8K | 88.65K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 3209 | $1.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.91 | 252 | 2 |
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| Last trade - 13.18pm 12/07/2024 (20 minute delay) ? |
| RAC (ASX) Chart |