So how is this going to work...
At current prices of 4-4.1c, people participating in the full placement of $15K at 3.2c will be in profit of ~$4K.
I think there will be quite a sell off to 3.2c once shares are placed if the SP remains at current levels.
So who the hell is buying shares at these prices? I suspect the SP would fall close to the issue price prior to placement.
Thoughts?
placement
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20.0¢ |
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Mkt cap ! $40.26M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 20.0¢ | $20.88K | 104.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 37384 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 20161 | 1 |
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