Good news in the pipeline is a reasonable possibility behind the SPP extension @kevg91.
Another reasonable possibility is that less cash has materialized in the company coffers (compared to what 3DP were expecting) & they need to extend the opportunity for shareholders to experience a change of heart (or a rush of blood) & eagerly participate in the SPP to raise more cash.
I'm anticipating participation in the SPP has been underwhelming & that a substantial shortfall will end-up being dumped into the Market. Perhaps there'll be an opportunistic pump in Oct / Nov similar to the one back in Dec 2017 / Jan 2018 when the SP went on a quick journey from 4 cents to 16 cents (which facilitated the conversion of performance rights) before descending down a 6-month slide back to $0.025.
It'll be interesting to see where the price goes during the next few months. Who knows, perhaps another Beven Slattery type character will unexpectedly appear from stage left & drop a few extra million into the 3DP kitty.
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Last
6.3¢ |
Change
-0.004(5.97%) |
Mkt cap ! $49.91M |
Open | High | Low | Value | Volume |
6.7¢ | 6.8¢ | 6.2¢ | $62.94K | 973.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 6.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 734580 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500000 | 0.065 |
1 | 73912 | 0.063 |
2 | 36001 | 0.062 |
3 | 130573 | 0.061 |
5 | 351335 | 0.060 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 734580 | 5 |
0.072 | 135918 | 3 |
0.073 | 150000 | 2 |
0.074 | 209500 | 2 |
0.075 | 616755 | 2 |
Last trade - 10.49am 18/07/2024 (20 minute delay) ? |
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