"let's face it there are plenty of stocks where the price has dropped below the cap raising price."
That's true, especially when there's a large spp.
But this time most of the new stock is being placed, and only 15% going into the spp. I'm sure that any shortfall from the spp will also be snapped up by the instos (or whoever).
For me this is a big vote of confidence. As well as that we'll be well funded going forward.
The sp might hit 11.5c, but I don't think it'll go much lower.
cheers
trading halt, page-54
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$15.61 |
Change
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Mkt cap ! $1.995B | |||
| Open | High | Low | Value | Volume |
| $15.64 | $15.93 | $15.44 | $8.412M | 538.2K |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 558 | $15.59 |
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| Price($) | Vol. | No. |
|---|---|---|
| $15.66 | 1841 | 1 |
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