This was so oversold. At the AGM they could not or would not explain the SP. They said that $2.50 was reasonable new issue, otherwise they wouldn't have raised the capital, I think there are no other examples of others diluting the SP by this much through capital raising. I think that this caused margin calls that forced it to SP $2.50. So now shorter’s are leaving and we move onward and upward. This should be SP $3.50 at least.
what was that, page-9
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$2.99 |
Change
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Mkt cap ! $5.749B | |||
| Open | High | Low | Value | Volume |
| $2.95 | $2.99 | $2.94 | $9.567M | 3.212M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6711 | $2.97 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.99 | 92873 | 4 |
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