thats right, there will be those who don't have a loose 15k behind the bookshelf and will need to sell stock in order to fund the 17% cheapies, to prevent further dilution, this alone could drop the price pretty close to discount levels without any overhang being dumped.
9.6c might be reasonable at least for a short term trade if the average remains 11.5c
701 shareholders, page-46
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Last
$7.69 |
Change
0.080(1.05%) |
Mkt cap ! $7.187B | |||
| Open | High | Low | Value | Volume |
| $7.67 | $7.78 | $7.63 | $9.690M | 1.258M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 46595 | $7.68 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 45838 | 3 |
View Market Depth
| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |