GT1 1.32% 7.7¢ green technology metals limited

GT1 - Megathread, page-1359

  1. 4,846 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
7.7¢
Change
0.001(1.32%)
Mkt cap ! $25.09M
Open High Low Value Volume
7.7¢ 7.9¢ 7.7¢ $783 10.07K

Buyers (Bids)

No. Vol. Price($)
2 54686 7.6¢
 

Sellers (Offers)

Price($) Vol. No.
7.7¢ 149568 2
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Last trade - 15.45pm 05/07/2024 (20 minute delay) ?
GT1 (ASX) Chart
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