ODA orcoda limited

1.22%

8.1¢

Vested Interest & other matters, page-9

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3500

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18/05/15

08:38

Post #: 15297599
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Originally posted by ESPINSIGHT ↑

Hi 3500,

Thanks for the maths on this.

The volumes traded in the last day or so suggest to me that the vast majority are holding at these break even or in my case at the 'I'm happy to tolerate a dip to avoid the likely rush to get back in' position. Had this been a CR to support a failing enterprise or a 'pie in the sky' venture, I would have sold and sat on the sidelines.

The momentum, particularly given the strong flow of positive news, is such that we could see sma hardly pause in this market. So yes one could trade and make a few percent and still benefit from the future sp moves (or even hope to get in at 2 cents) , however I have opted to go with the majority and sit on my holding and participate in the issue at 2 cents. As I have said before I will increase my holdings to a 'stop tolerable' level as it rises, which I am confident it will do.

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The market did his maths well before the cap raising announcement when SMA was consolidating at 2.6/2.7c.
Everyone is expecting the SP to "crash" tomorrow , but there is every possibility that it will hold steady or even go up.
it was just an exercise to demonstrate that the rights is not a dead bargain if the SP drops by more than 0.1c.

SMA Price at posting: 2.7¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 8.1¢		Change -0.001(1.22%)		Mkt cap ! $15.18M

Open	High	Low	Value	Volume
8.0¢	8.1¢	8.0¢	$8.664K	108.2K

Buyers (Bids)

No.	Vol.	Price($)
1	49319	8.0¢

Sellers (Offers)

Price($)	Vol.	No.
8.5¢	18256	1

View Market Depth

No.	Vol.	Price($)
1	49319	0.080
1	6600	0.076
1	10000	0.075
1	67124	0.073
1	7000	0.072

Price($)	Vol.	No.
0.085	18256	1
0.105	52249	2
0.110	10000	1
0.120	23966	1
0.125	72241	2

Last trade - 15.39pm 18/07/2025 (20 minute delay)

ODA (ASX) Chart

Vested Interest & other matters, page-9

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