That is correct Newby !
At the current SP of 9.7c that would allow them to drop approximately ~$28m under the ATM today.
But can you imagine what trying to dump ~300 million shares on market would do to the SP ?
Considering that the total daily volume of shares trading is 5-10m a day....... TIMBERRRRRRR
The ATM is dead on arrival
Is the bottom in?, page-960
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Last
4.2¢ |
Change
-0.002(4.55%) |
Mkt cap ! $69.85M | |||
| Open | High | Low | Value | Volume |
| 4.4¢ | 4.4¢ | 4.0¢ | $1.039M | 25.13M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 484046 | 4.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.3¢ | 580241 | 8 |
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| Last trade - 16.10pm 25/06/2024 (20 minute delay) ? |
| LKE (ASX) Chart |