For those that like cup and handle formations I think we might see one play out here which will give a short term price target of around 4.2c ish which would be a new high and therefore some blue sky ahead. I think 4.5c might also be on 1620 radar short term.
The Company will pay a monthly retainer fee and, subject to shareholder approval, issue 1620 Capital with 40 million performance rights, which will vest based on achievement of a sustained rise in the price of the Company’s shares trading on the ASX. The milestones for the performance rights are as follows:
i. 10 million performance rights issued if the Company’s share price is equal to or higher than 3.5 cents per share for a minimum of 10 consecutive trading days;
ii. 10 million performance rights issued if the Company’s share price is equal to or higher than 4.5 cents per share for a minimum of 10 consecutive trading days;
iii. 20 million performance rights issued if the Company’s share price is equal to or higher than 5.5 cents per share for a minimum of 10 consecutive trading days; The Company considers that the milestones listed above are closely aligned with shareholders’ interests.
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3.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $59.17M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1028253 | 2.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.2¢ | 300000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1028253 | 0.029 |
7 | 1581428 | 0.028 |
2 | 186666 | 0.027 |
1 | 100000 | 0.026 |
2 | 280000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.032 | 300000 | 1 |
0.033 | 249999 | 1 |
0.034 | 533332 | 2 |
0.035 | 330249 | 6 |
0.036 | 1129375 | 3 |
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