No surprise but this closed in a few hours heavily over subscribed. Halt lifted Tuesday. Expect formal announcements then to confirm all the detail.
It’s worth highlighting how LKE traded post a similar announcement.
On 28.7.21 they announced free options to holders. The SP closed at 40.5c.
In less than two weeks the SP closed at 66c - that’s a 63% return. During that time there were no price sensitive announcements. I haven’t spent any time seeing how it performed comparatively but that’s a large gain and I’d dare say it outperformed like for like competitors. Since that time it’s given back some gains but remains ~20% higher.
Now LKE is a different company and the broader market will affect trading but it’s a useful proxy.
Looking forward to seeing how this trades. Well done management.
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Last
8.9¢ |
Change
-0.002(2.20%) |
Mkt cap ! $114.9M |
Open | High | Low | Value | Volume |
9.1¢ | 9.3¢ | 8.6¢ | $164.3K | 1.853M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 57371 | 8.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.9¢ | 68644 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 57371 | 0.088 |
4 | 333148 | 0.087 |
5 | 519229 | 0.086 |
6 | 731500 | 0.085 |
2 | 220000 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.089 | 68644 | 3 |
0.090 | 131287 | 4 |
0.091 | 43150 | 1 |
0.093 | 24460 | 2 |
0.094 | 43589 | 1 |
Last trade - 16.10pm 10/09/2024 (20 minute delay) ? |
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