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
$21.05 |
Change
-0.020(0.09%) |
Mkt cap ! $404.3M |
Open | High | Low | Value | Volume |
$21.00 | $21.05 | $20.70 | $193.2K | 9.289K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1000 | $21.00 |
Sellers (Offers)
Price($) | Vol. | No. |
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$21.05 | 999 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 1000 | 21.000 |
1 | 25 | 20.660 |
2 | 2025 | 20.570 |
2 | 1000 | 20.500 |
1 | 21 | 20.100 |
Price($) | Vol. | No. |
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21.050 | 999 | 1 |
21.070 | 3571 | 1 |
21.700 | 467 | 2 |
22.000 | 250 | 1 |
22.800 | 200 | 1 |
Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$20.93 |
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Change
-0.020 ( 0.37 %) |
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Open | High | Low | Volume | ||
$20.93 | $20.93 | $20.93 | 81 | ||
Last updated 12.16pm 10/05/2024 ? |
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