Plext
Investors have had plenty of time and opportunity to invest in this company. It was an important move to have backing from a mainstream Australian broker who will provide research.
They needed to have the raising done quickly rather than a drawn out process.
If you want some more they are still cheap at this price. The NPV is likely to be $250m to $300m. We have a market cap of less than $50m.
As opposed to KIS who have a NPV $241m and are already at market cap of $100m. This is still a gift horse.
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