ASIC's incompetence aside (they're hopeless, so no surprises there), the following part of the announcement is very interesting:
... have been delighted with the strong support for the IPO, with current indications of demand in excess of the maximum raising of $7 million. ...
I applied for extra Graphex IPO shares, but I doubt that majority of existing IXR shareholders participated in the priority offer and applied for that much extra shares. So if it will be really fully subscribed at $7M, that means that someone is putting a big money in the IPO. Who?
Ann: Update on Graphex prospectus-IXR.AX, page-2
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Last
0.8¢ |
Change
-0.001(11.1%) |
Mkt cap ! $38.95M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $21.35K | 2.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 12734195 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 4423479 | 5 |
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| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| IXR (ASX) Chart |