The company will need the share price to be well above $3.80 in the final couple of days before the closure of the SPP. Most investors will wait until the final moments before they make a call of getting involved which is logical. Gold prices have dropped down towards $2000usd in recent days and copper prices are still struggling. I suspect this extension decision is a delaying tactic to see if both commodity prices can rebound in the next fortnight and help us get back to $4 late January and ensure more investors get involved.
Ann: Extension of Share Purchase Plan, page-3
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Last
$3.50 |
Change
0.050(1.45%) |
Mkt cap ! $6.950B | |||
| Open | High | Low | Value | Volume |
| $3.44 | $3.51 | $3.44 | $28.67M | 8.237M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 260128 | $3.49 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.50 | 201176 | 8 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| EVN (ASX) Chart |