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17.5¢ industrial minerals ltd

Ann: Option to Acquire Pippingarra Lithium Project, Pilbara WA, page-186

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2 Posts.

07/11/23

21:11

Post #: 70773981
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Originally posted by Bargainstocks01: ↑

yup a big cross @User 17 - done at at 95 cents.

12.5 mill shares have now traded since the lithium deal was announced. thats 19% of the existing float.

i think all the old holders like me who were stuck in from the low 20cent level to 30 cents level the last 2 years and couldn't get out becuase of such low volumes - will have mainly dumped enough (around 20%) to have got their money back and be free rising with 70-80% of our shares still.

So i expect the heavy selling of the last few days should start to lighten up - IMO the sell preassure will fall off and new buyers may have to start paying up.

i also think the market is cautious cos many expect a CR- but once 10 mill oppies convert (which is probably what that cross was about as IMO no one but management have that many?) and then IND has A$3-4 mill cash - that fear will evaporate too.

so we should start creeping a bit higher again ? bring on $1.20-1.50.

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what does CR mean please?

IND Price at posting: $1.25 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 17.5¢		Change 0.005(2.94%)		Mkt cap ! $13.85M

Open	High	Low	Value	Volume
17.3¢	17.5¢	17.3¢	$1.102K	6.38K

Buyers (Bids)

No.	Vol.	Price($)
3	12746	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	29151	5

View Market Depth

No.	Vol.	Price($)
3	12746	0.170
2	12054	0.165
3	16800	0.160
3	72237	0.155
3	170006	0.150

Price($)	Vol.	No.
0.175	29151	5
0.180	150000	1
0.190	55140	2
0.200	67821	2
0.210	31597	1

Last trade - 10.48am 30/09/2024 (20 minute delay)

IND (ASX) Chart