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
$20.22 |
Change
-0.280(1.37%) |
Mkt cap ! $388.6M |
Open | High | Low | Value | Volume |
$20.50 | $20.50 | $20.00 | $252.9K | 12.54K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 966 | $20.00 |
Sellers (Offers)
Price($) | Vol. | No. |
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$20.25 | 50 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 705 | 20.000 |
1 | 200 | 19.940 |
1 | 100 | 19.900 |
1 | 500 | 19.500 |
2 | 231 | 19.250 |
Price($) | Vol. | No. |
---|---|---|
20.250 | 50 | 1 |
20.300 | 1716 | 1 |
20.800 | 134 | 1 |
21.050 | 998 | 1 |
21.700 | 3011 | 3 |
Last trade - 15.59pm 15/05/2024 (20 minute delay) ? |
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Last
$20.30 |
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Change
-0.280 ( 0.62 %) |
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Open | High | Low | Volume | ||
$20.22 | $20.30 | $20.01 | 179 | ||
Last updated 15.36pm 15/05/2024 ? |
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