Why would it be smashed due to non-payment of a share placing? The gap (between $3.45 or whatever GEM's SP is on Friday and $3.88) should presumably be recovered from CIPI or CIPI's trustee/ manager.
Why would GEM not go back up to $3.88 unless something else is affecting it (and Sarah Zeljko has already said that is not the case beyond a Canaccord broker report that downgraded the company from a buy to a hold with a $3.80 TP that at the time was lower than the market price on May 3?
Ann: Trading Halt, page-9
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Last
$1.34 |
Change
0.020(1.52%) |
Mkt cap ! $1.084B | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.35 | $1.31 | $1.303M | 976.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5558 | $1.33 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.36 | 20000 | 1 |
View Market Depth
| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| GEM (ASX) Chart |