I reckon it should be done at 20 cents or better and this should be readily achievable.
I did some recon work, a broker is definately trying to cap this but of cousre it doesn't take much to convince a few traders that sitting at 15, 16 etc is good idea.
Assuming GMR's management doesn't turn to jelly and go for it, they will hold off. At this stage I believe (but far from certain) that the view is to hold off to post 20 cents.
Brokers will say all sort of crap tp try and convince management why its a good idea to give them and their subbies a cheap batch of stock.
They simply do not need to rush into anything, this is a fact.
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hmmm, interesting, page-14
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.703M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $3.024K | 274.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 3090000 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 71400 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3090000 | 0.010 |
5 | 898729 | 0.009 |
7 | 1225052 | 0.008 |
6 | 2523375 | 0.007 |
4 | 1549995 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 71400 | 1 |
0.014 | 145000 | 3 |
0.015 | 952629 | 3 |
0.020 | 398000 | 1 |
0.025 | 296644 | 1 |
Last trade - 15.20pm 22/08/2024 (20 minute delay) ? |
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