LIN 9.52% 11.5¢ lindian resources limited

Billion Dollar Club, page-96

  1. 506 Posts.
    lightbulb Created with Sketch. 130
    I see following unfolding next week

    LIN trading in limited range 34-37c Mon-Wed

    when new 100mil units of stock is allocated Thurs I see downward pressure 33-35c for up to a week, give or take

    MRE + results of deep holes will likely come out within days/week of new stock allocations which will help price but don't see any signifciant breakout Unfort, will take 5-10 days for new stock to wash thru

    the day after the trading halt re cap raise, the stock traded down to 34.5c with >20mil shares traded... volume has since dried up to about 5mil/day. given there is 100mil new stock hitting the market thurs, I see a bigger volume days (>25mil) Thurs/fri coming. Given 50% went to euroz retail, I see many selling for a 2.5-5% stag dragging price down to the issue price of 33c
    Last edited by 392649: 15/07/23
 
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Last
11.5¢
Change
0.010(9.52%)
Mkt cap ! $132.5M
Open High Low Value Volume
10.5¢ 11.5¢ 10.5¢ $161.2K 1.516M

Buyers (Bids)

No. Vol. Price($)
2 1942 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 465936 7
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Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
LIN (ASX) Chart
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