-20% Big reaction to what should have been priced in information no ?!?!
This is probably more a general question than DYE related but why would the valuation of a stock drop to that available to an investor holding an option, when that option is not available to market?
ie. Why has the value dropped and stabilised at the price Tasnee can purchase their second tranche of shares when no one else can purchase at this value? Surely previous valuations should hold?
Confused yet confident. Still hold and considering adding.
For a few days, my 30c stop looked under threat; glad I held on. Added a few straight after today's news. Fingers crossed that this is NOT the lead-up to another cap raising.
Well first day as Greatcell. The name change came as the company decided it wanted to move away from it's historical roots and reflect it's changed product.
Really don't know what is happening here. It seems to have a 3rd generation solar cell that should shoots the lights out the industry. Very efficient, very cost competitive and yet it has fallen to almost historically low prices. Perhaps the name change will kick it on ? Gone up 1c today but I'm not holding my breath. http://www.dyesol.com/media/wysiwyg/asx/2017/GPVC_2017_-_Final_RC_presentation.pdf
Great Cell is undertaking a $5m capital raising at 18c. As usual there are rosy predictions etc,etcera. Anyone have any thoughts on it's future and the value of throwing a few more bucks at it ?
I hold at present. Last night I got a call from someone at Great Cell doing a spruik on the capital raising. Made me wonder ...
GSL has extended it's offer by week to enable shareholders to buy in at 18c. Apparently Arena has offered GSL a $6m grant to enable commercialistion of their projects - conditional on the raising of $5m capital.
GSL has suspended itself because the auditor qualified the half yearly reports by questioning whether the company was a going concern.
Cash position is low and the Board has "a number of options" to raise further funds but the Auditor was not convinced by the explanation.
Not a good look after raising $5m in August. Will be VERY sad if this falls over...!
Very sad. After a nine month share suspension GSL delivered a still birth baby.
It is now in administration . The re-financing never came off. Makes one wonder about the $5 m raised last August. Also like to know what happens to all the intellectual property and in fact the well sorted production plans.