ODY 10.0% 2.2¢ odyssey gold ltd

hmm, page-3

  1. 13,622 Posts.
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    Your 4 posts suggest you are new to investing.

    Here's an opportunity to learn what happens when a stock does a CR with an attached SPP.

    What's currently happening is we have investors doing/pondering a number of things:
    • Sitting at 12.0c in the hope they may get stock cheaper than the 12.5c SPP
    • Putting large sums into the SPP in the hope that when/if they are scaled they will still get enough
    • Waiting for 28th to pay their SPP - as they are rarely closed early and it can pay to wait and see what happens to the share price
    • Mopping up everything at 12.5c as thats the price the sophies paid and you may not get your fill at the SPP due to scaling
    • Selling what was held at record date above the 12.5c in the hope you will get it back at 12.5c in the SPP and pocket a few pips
    • Doing nothing as they are set and awaiting the SPP to be completed

    What the company is currently doing:
    • Nothing - because they have the placement done, the SPP will undoubtedly fill, and there is no point giving the market anything at the present time
    • Pondering how much of the (probably) oversubscribed SPP they should accept (of course they already know how much has been subscribed so far).

    This is FAR from a dead stock. This is a very active stock - just snoozing until the SPP is completed.

    SPP shares are issued 5th July - so look for the stock to be well and truly active after that date.

    Finally - do not listen to a word that has been posted on this stock by a prolific poster over the last few weeks who has nfi

    ...
 
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Last
2.2¢
Change
0.002(10.0%)
Mkt cap ! $19.77M
Open High Low Value Volume
2.1¢ 2.2¢ 2.1¢ $25.35K 1.195M

Buyers (Bids)

No. Vol. Price($)
8 3341110 1.8¢
 

Sellers (Offers)

Price($) Vol. No.
2.2¢ 317132 2
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Last trade - 15.48pm 30/08/2024 (20 minute delay) ?
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