Quite often the objective for miners in ABM's position, seems to be the acquisition of a $100ml fighting fund. I think soon after the consolidation, we may see the big institutional & professional investors coming on-board at 20% below the market price. Maybe around 400ml shares offered @ 25cents, I think that maybe the turning point from the old ABM to the new ABM and the time to move back in. There is nearly always a dip in the price when a big share offer is in place, so we may get some on market for around 22cents then.
consolidation, page-4
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $9.525M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $683 | 341.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 53568696 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 87756881 | 46 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| PRX (ASX) Chart |