I used to think this too.
But it's only 50m shares and if they declare a major gas discovery arguably this extra supply could be cleared with a day of trading....
And not convinced placing participants will sell 100%.
Some will hold for a farm-in deal which will cause another step-up in the share price post discovery.
IVZ Share Price, page-15463
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Last
7.1¢ |
Change
-0.003(4.05%) |
Mkt cap ! $107.6M | |||
| Open | High | Low | Value | Volume |
| 7.5¢ | 7.5¢ | 7.1¢ | $46.18K | 642.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 164923 | 7.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.2¢ | 150000 | 1 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| IVZ (ASX) Chart |