IND 2.94% 17.5¢ industrial minerals ltd

Ann: Option to Acquire Pippingarra Lithium Project, Pilbara WA, page-131

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  1. 37 Posts.
    lightbulb Created with Sketch. 100
    yup a big cross @User 17 - done at at 95 cents.

    12.5 mill shares have now traded since the lithium deal was announced. thats 19% of the existing float.

    i think all the old holders like me who were stuck in from the low 20cent level to 30 cents level the last 2 years and couldn't get out becuase of such low volumes - will have mainly dumped enough (around 20%) to have got their money back and be free rising with 70-80% of our shares still.

    So i expect the heavy selling of the last few days should start to lighten up - IMO the sell preassure will fall off and new buyers may have to start paying up.

    i also think the market is cautious cos many expect a CR- but once 10 mill oppies convert (which is probably what that cross was about as IMO no one but management have that many?) and then IND has A$3-4 mill cash - that fear will evaporate too.

    so we should start creeping a bit higher again ? bring on $1.20-1.50.
 
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17.5¢
Change
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Mkt cap ! $13.85M
Open High Low Value Volume
17.3¢ 17.5¢ 17.3¢ $1.102K 6.38K

Buyers (Bids)

No. Vol. Price($)
3 12746 17.0¢
 

Sellers (Offers)

Price($) Vol. No.
17.5¢ 29151 5
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