With a SPP announced and priced at a ~10% (was ~20%) discount to current market price, I'd expect additional weakness from holders arbitraging their ability to participate (sell now, but buy later).
The SPP is priced at $0.28/sh, so won't be surprised if the shares drop further to those levels. There'll be a month or so of this sideways movement until the SPP wraps up in April/May.
Great for a medium term hold though with the exciting growth opportunities for De.mem in mining!
Ann: Trading Halt, page-28
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Last
11.5¢ |
Change
0.010(9.52%) |
Mkt cap ! $32.44M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.0¢ | 11.0¢ | $45.20K | 394.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 210138 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 33446 | 3 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| DEM (ASX) Chart |