Given we seem to be starting drilling from almost scratch, and given we have no clarity whatsoever on the other 20% of graphex and who controls what, I find it hard to see how we trade above issue price!
Somers does appear to have offloaded a fair bit of the shortfall, but that stock will all be tradeble come Tuesday, no such thing as escrow for an underwriting broker, and much of it will be on the market above 6 cents.
Love to be wrong, but with graphite sector also coming off the boil, a heavy volume day 5.1 to 6.1 cents is my best guess Tuesday.
Sunday Morning Maths, page-2
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $14.11M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $36.86K | 4.272M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 915665 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1185333 | 6 |
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| Last trade - 11.42am 03/09/2024 (20 minute delay) ? |
| TON (ASX) Chart |