GT1 3.28% 5.9¢ green technology metals limited

GT1 - Megathread, page-1359

  1. 4,864 Posts.
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    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
5.9¢
Change
-0.002(3.28%)
Mkt cap ! $18.98M
Open High Low Value Volume
6.0¢ 6.0¢ 5.9¢ $3.006K 50.24K

Buyers (Bids)

No. Vol. Price($)
1 31594 5.7¢
 

Sellers (Offers)

Price($) Vol. No.
6.0¢ 60861 4
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Last trade - 12.38pm 26/07/2024 (20 minute delay) ?
GT1 (ASX) Chart
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