And the share price fell significantly below the last oversubscribed last 2 raises
What I'm saying, is that I expect what happened the 2 last 2 times to repeat
After the raise, the share price fell significantly below it.
Last oversubscribed raise was at $1.00 in November 2023, the share price is now $0.42 - a 42% of the last oversubscribed CR price
If this CR is oversubscribed at $0.38, and there is no SC decision before the cash runs out, and if history repeats ~ 42% of 38c = $0.16
Hence I'm going to be putting some bids in at $0.19 and $0.14....
And the share price fell significantly below the last...
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Last
37.5¢ |
Change
-0.010(2.60%) |
Mkt cap ! $160.7M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 41.0¢ | 37.5¢ | $756.3K | 1.946M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8801 | 37.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 46000 | 1 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| TLG (ASX) Chart |