Alex you are deluding yourself.
If you think the share price is rising because the CR is going to be voted down then I do not think you understand how the market works. If you also think that the price is going back to 8-10c after the cap raise has been voted down then I would be interested in hearing your reasons why.
My view is that the ONLY reason the share price is going up is because of the CR being supported by Shaw Stockbroking. If the CR was being voted down and that is what shareholders thought would happen then this share would be headed significantly lower very quickly. Probably around 3 cents is my guess.
Tell me Alex, with PDI having $583k in the bank at 30 Sep and spending $250k per month (est $745k outflow for the current quarter), at what price do you think they could get a raising away? Especially once the share price tanks if the CR is voted down. My view is that they would struggle to get $1m at around 3c with an attaching oppie.
This raising by Shaw's is a godsend for PDI.
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Last
24.0¢ |
Change
0.020(9.09%) |
Mkt cap ! $564.2M |
Open | High | Low | Value | Volume |
23.0¢ | 24.5¢ | 22.8¢ | $2.146M | 9.062M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 353155 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 609019 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 353155 | 0.240 |
5 | 147756 | 0.235 |
1 | 100000 | 0.230 |
4 | 323000 | 0.225 |
8 | 279562 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 409019 | 7 |
0.250 | 8214 | 2 |
0.255 | 50000 | 1 |
0.260 | 61000 | 2 |
0.270 | 79239 | 3 |
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