No idea, theyre still heavily shorting and obviously need to head off any SP growth.
I'm actually coming around to the idea that the company may have been sold and this is their way to keep the premiums high.
If they announce a takeover bid tomorrow at 8.90, they could portray it as a 130% premium whereas in reality they're getting a discount.
I just can't see how they possibly plan to cover if these are the short volumes they need to keep up in order to just hold the price steady.
The company has plenty of cash, in the realm of 70 mill
ASM Chart Thread, page-6982
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Last
56.0¢ |
Change
-0.070(11.1%) |
Mkt cap ! $101.5M | |||
| Open | High | Low | Value | Volume |
| 61.0¢ | 64.5¢ | 56.0¢ | $247.8K | 417.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 8141 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 59.0¢ | 10584 | 2 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| ASM (ASX) Chart |