In hindsight, which is always a marvellous thing, it would have been better for the company to go into a trading halt last Fri before announcing the flow test results, and then extend the trading halt into a suspension of shares pending the announcement of the capital raising. That way there would not have been the big sell off on Fri and Mon by people with knowledge of the capital raising. We would have all been on the same level playing field. They could have done a capital raise just as successfully at 28c without smashing the price down to 23c. The company previously went into trading halts to announce the discovery of gas in the Wagina, Kingia and High Cliff formations, but then didn't stop trading for the flow test results, even though the directors knew that a capital raising was only a few days away.
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21.0¢ |
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Mkt cap ! $601.7M |
Open | High | Low | Value | Volume |
21.0¢ | 21.5¢ | 20.5¢ | $1.313M | 6.260M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 592504 | 21.0¢ |
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Price($) | Vol. | No. |
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21.5¢ | 748432 | 9 |
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No. | Vol. | Price($) |
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11 | 592504 | 0.210 |
25 | 1695906 | 0.205 |
30 | 984442 | 0.200 |
17 | 1015145 | 0.195 |
30 | 1249548 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 748432 | 9 |
0.220 | 915637 | 11 |
0.225 | 948630 | 8 |
0.230 | 684332 | 9 |
0.235 | 1730960 | 19 |
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