Someone please explain the logic
Easily logically explained. A plethora of positively worded announcements in a short period of time to induce a frenzy of buying activity followed by a placement. That's what grew the share price to unrealistic levels.
Just count how many headline grabbing announcements there were before and during the share placement offer and how many there have been since.
ann, page-45
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Last
1.0¢ |
Change
-0.003(23.1%) |
Mkt cap ! $3.873M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.0¢ | $16.39K | 1.494M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 288999 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 406969 | 3 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| RMX (ASX) Chart |