These types of companies run up and down every other year based off whoever's lined it up to make money off. 4bn shares is a lot and they may look to reduce this at some point. I'd be surprised if this CR takes them over 4bn this time but I wouldn't be surprised if they raise around @1.2c. It would be reckless for them to hold out for a third round of drill results.
Should clarify MrLongs questioning of NCMs intentions with their AZY holding if NCM don't participate to maintain their holding of 9.9%. A dumping of 9.9% would spice up the share price and he could end up being correct.
Ann: Trading Halt, page-15
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Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $51.81M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $10.26K | 915.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 14437913 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 8806417 | 17 |
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| Last trade - 13.51pm 19/08/2024 (20 minute delay) ? |
| AZY (ASX) Chart |