Sensible post redgum, but I'm almost certain the SP will go to around $1.25 by early October, once we get the TOL.
Our 75% fellow owners are not going to gift any additional shares to Mt Kellett so once they are certain they can't feed any further to the downside on fear of a cap raise they'll be fairly anxious to run it up to around $1.25 before first conversion date. They won't want Mt Kellett turning a 9% dilution into 12/15%, that would be stealing their lunch.
Given no major external influences I'll punt the SP then moves in a channel $1.20/$1.40 until the earnings potential becomes a bit clearer in 6 months time but it's highly likely the MK bond will put a floor under the SP.
Sensible post redgum, but I'm almost certain the SP will go to...
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Last
$7.06 |
Change
0.040(0.57%) |
Mkt cap ! $6.599B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.12 | $6.92 | $27.09M | 3.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 75156 | $7.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.08 | 480 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |