AKE 0.00% $9.83 allkem limited

t/h fundraising, page-32

  1. 533 Posts.
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    I would imagine canaccord would have been paid as a percentage from capital raising normally 3-5% deducted before the company receives its proceeds...
    Someone must have played the post capital raising shorting strategy of thinking shares would fall below issue price of $2.10 which they did briefly to $2.09 but on very small volume... Whoever it was shorting has now closed out their position and we have almost no shorts visible on theASX register.
    There has been some interesting volume going through recently and probably a little tidying up getting shares into correct account for insto's with a lot of crossings...
    I have bought shares at $2.14 twice on the last couple of days and this has pushed the price up short term to $2.23 and $2.26, only to fall back very swiftly.... So all in all we can probably conclude cap raising was managed well and shares have held well post raising...now we need to see new names on the register and if we will grind higher from here?
 
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