Does anyone know what the flow through shares actually got sold into he asx at? Normally its a nice 100% tax deduction for the people involved then they sell at a 50% discount to insiders through the chi-x platform, so I suggest the end investor got the shares for around 18c, hence why the SP has been dropping. I haven’t really looked at GT1, but I know MLS raised through a flow through at 4.2c and it was sold to an unknown asx buyer for 2.1c, the SP has since dropped from 3.2 to 2.2. CY5 did a flow through at 26c in November at 26c now 4.8c. It appears another loop hole for the rich has been found, get 100% tax right off, then sell at 50% to a asx investor, means they are 50% up overall. Then the lucky investor just keeps hammering the market with their shares, picking up a decent percentage all the way down, any rally is sold into. The list goes on MZZ gone from 56c to 4c after raise, WR1 from $1.67 raise down to 53c. WR1 raised at $1.67 in Nov 2022, the SP has just started to show signs of recovery. I understand the lithium market has tanked and sentiment has slumped, but i think these flow through raised are a bit of a rip off for retail holders.
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Last
9.1¢ |
Change
0.003(3.41%) |
Mkt cap ! $32.10M |
Open | High | Low | Value | Volume |
9.1¢ | 9.1¢ | 9.1¢ | $3.549K | 39K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 35672 | 8.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.0¢ | 40000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 35672 | 0.088 |
2 | 29746 | 0.087 |
3 | 31750 | 0.085 |
1 | 11800 | 0.084 |
1 | 474 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.090 | 40000 | 1 |
0.091 | 20343 | 2 |
0.092 | 24850 | 1 |
0.095 | 6200 | 1 |
0.099 | 197621 | 1 |
Last trade - 10.19am 23/09/2024 (20 minute delay) ? |
GT1 (ASX) Chart |