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
$19.00 |
Change
0.250(1.33%) |
Mkt cap ! $365.2M |
Open | High | Low | Value | Volume |
$18.51 | $19.09 | $18.25 | $574.5K | 30.41K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 84 | $19.00 |
Sellers (Offers)
Price($) | Vol. | No. |
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$19.10 | 55 | 1 |
View Market Depth
No. | Vol. | Price($) |
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1 | 84 | 19.000 |
1 | 100 | 18.500 |
2 | 290 | 18.250 |
1 | 1000 | 18.200 |
1 | 500 | 18.010 |
Price($) | Vol. | No. |
---|---|---|
19.100 | 55 | 1 |
19.140 | 63 | 1 |
19.200 | 567 | 1 |
19.500 | 1230 | 1 |
19.800 | 1000 | 1 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$19.09 |
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Change
0.250 ( 3.08 %) |
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Open | High | Low | Volume | ||
$18.49 | $19.09 | $18.48 | 463 | ||
Last updated 15.56pm 31/05/2024 ? |
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