It's hard to look away as this increasingly complex situation becomes either a calamitous train wreck or s/holders are untied and rescued from the rail tracks at the very last second.
At a SP of $3.40 AVR has a market cap of just $20m. If this were a new float in ordinary times it might be worth $15. But here we are with about 4-6 months cash left and either signing a deal of a lifetime or the ignominy of another humiliating cap raising.
If it's a deal, perhaps the shares go past $30. If it's a cap raise...a 1:1 at $2 raises $12m and buys the company another 12 months.
Optimists will say 'in WP we trust', pessimists will say we've had years of toot-toots and promises.
Meanwhile SB are selling down, the SP is melting like snow, and the company probably only has 2 months before it needs to attempt a 'last second' cap raise in very uncertain times.
Sickening and enthralling in equal measure.
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Last
$12.15 |
Change
0.350(2.97%) |
Mkt cap ! $256.8M |
Open | High | Low | Value | Volume |
$11.80 | $12.15 | $11.21 | $376.0K | 32.22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 139 | $12.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$12.15 | 830 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 841 | 11.900 |
1 | 1000 | 11.800 |
1 | 5000 | 11.720 |
1 | 2 | 11.260 |
1 | 8 | 11.220 |
Price($) | Vol. | No. |
---|---|---|
12.150 | 830 | 1 |
12.250 | 175 | 1 |
12.400 | 198 | 1 |
12.800 | 1000 | 1 |
12.850 | 1000 | 1 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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AVR (ASX) Chart |