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
$18.80 |
Change
-0.600(3.09%) |
Mkt cap ! $357.5M |
Open | High | Low | Value | Volume |
$19.35 | $19.35 | $18.49 | $174.0K | 9.223K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 297 | $18.75 |
Sellers (Offers)
Price($) | Vol. | No. |
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$18.90 | 97 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 302 | 18.700 |
1 | 200 | 18.650 |
1 | 40 | 18.500 |
1 | 54 | 18.480 |
1 | 200 | 18.440 |
Price($) | Vol. | No. |
---|---|---|
18.800 | 191 | 1 |
18.900 | 97 | 1 |
18.990 | 76 | 1 |
19.000 | 1000 | 1 |
19.400 | 99 | 1 |
Last trade - 14.51pm 24/05/2024 (20 minute delay) ? |
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Last
$18.92 |
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Change
-0.600 ( 0.84 %) |
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Open | High | Low | Volume | ||
$19.26 | $19.27 | $18.52 | 328 | ||
Last updated 15.06pm 24/05/2024 ? |
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