The main advantage would be to have a larger proportion of shares in safe hands. Assuming this is not a Hartleys or Patto’s raise, the SIs would be considered to hold longer term. When there is a high percentage of retail holders (us) in a stock it is more prone to panic selling at any hint of a drop in SP. This is not a hard and fast rule but a general market assumption.
Industry experts like Sprott or Creasy are even more highly sought as cornerstone investors.
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CNB
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4.49%
!
42.5¢

Ann: Trading Halt, page-149
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Last
42.5¢ |
Change
-0.020(4.49%) |
Mkt cap ! $97.06M |
Open | High | Low | Value | Volume |
45.0¢ | 45.0¢ | 42.0¢ | $92.69K | 215.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 8269 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 11554 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 5700 | 0.425 |
4 | 10919 | 0.420 |
3 | 10900 | 0.415 |
4 | 19430 | 0.410 |
2 | 122000 | 0.405 |
Price($) | Vol. | No. |
---|---|---|
0.430 | 2780 | 2 |
0.450 | 9275 | 2 |
0.460 | 61553 | 7 |
0.465 | 44301 | 3 |
0.470 | 50500 | 2 |
Last trade - 13.23pm 21/07/2025 (20 minute delay) ? |
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CNB (ASX) Chart |