I think someone else posited that if the price is below the CR then people will buy that instead of participating in the CR. That could cause a shortfall in the CR and force ASM to go cap-in-hand to financers (who were probably the ones selling below) to make up the shortfall and probably at an even lower price. It doesn't really make sense to me either, but I haven't heard a better option.
ASM Chart Thread, page-649
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Last
64.0¢ |
Change
0.070(12.3%) |
Mkt cap ! $116.0M | |||
| Open | High | Low | Value | Volume |
| 58.0¢ | 64.5¢ | 58.0¢ | $158.7K | 256.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 527 | 64.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 65.0¢ | 17600 | 1 |
View Market Depth
| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| ASM (ASX) Chart |