There can only be 2 options here imo.
1/ One or more of the financial entities want more exposure and they have added more shares and money into the overall raise.
2/ One or more of the financial entities has hit a financial hurdle, a possibility in the current risky financial market/banking crisis globally.
Either way, there will be a halt or suspension until management add to the raise or find a replacement depending on which one it is. The chart is showing signs of a break out so not ideal timing. But hopefully once we are trading again we can continue on.
Ann: Trading Halt, page-14
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Last
1.3¢ |
Change
0.001(4.17%) |
Mkt cap ! $38.24M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $4.63K | 384.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 5526784 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 964687 | 3 |
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| Last trade - 15.47pm 06/09/2024 (20 minute delay) ? |
| IPT (ASX) Chart |