AE23,
The most recent CR was done on these terms,
"The Issue Price represents a 18.2% discount to the closing price of A$0.0055 on 27 November 2023
and a 23.6% discount to the ASX VWAP for the ten trading days prior to 28 November 2023"
Possibly and indication.
The company(88e) will have a number in mind that they will want to raise, the brokers will also have a number in mind that they think they can sell, should the discount and/or sweetners meet the market. Those numbers are not always the same.
Bear in mind, these CR's are typically followed by a news release that can often result in a short term trade.
Just my thoughts.
Cheers
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.78M |
Open | High | Low | Value | Volume |
0.2¢ | 0.3¢ | 0.2¢ | $319.8K | 158.9M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
62 | 104347614 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 517448930 | 162 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
62 | 104347614 | 0.002 |
316 | 1186997212 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 497448930 | 161 |
0.004 | 211806994 | 111 |
0.005 | 58507283 | 61 |
0.006 | 127873189 | 43 |
0.007 | 25381369 | 28 |
Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
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88E (ASX) Chart |