It may well be that this announcement was style particulalary negative to instigate a fall and lift volume traded as the daily volume was very low. We may well see a LDA call notice given the massive volumes.
Just a left field thought as they clearly need to raise money and a direct placement is now too hard and at these levels will need to be heavily discounted. However given the massive fall today they could do the LDA call into a raising market from these low levels.
With a further softening announcement in the next few days to counter the ultra negative announcement today
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.31M | |||
| Open | High | Low | Value | Volume |
| 1.7¢ | 1.9¢ | 1.7¢ | $45.56K | 2.531M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 699999 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 2138170 | 8 |
View Market Depth
| Last trade - 16.10pm 07/08/2025 (20 minute delay) ? |
| HIO (ASX) Chart |