Yeah, I never really got the "this is a pump and dump stock" story. Management never pumped and dumped really. They just get bonus shares and dump at the first available opportunity.
History of SPPs, I tend to think that if they're performing well, they go to +/-5% of the CR Price. So at 80, I'd expect the low to be somewhere 76-84. We have a few weeks before 18.75m new shares are released though, and the corresponding dump then. I probably wouldnt be hanging out for 70 - if it fell that far, it'd be a warning sign. But if you bought at 78-82 youd call it a win.
Ann: Completion of Upsized Underwritten $100m Placement, page-119
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Last
$1.18 |
Change
-0.055(4.45%) |
Mkt cap ! $1.029B | |||
| Open | High | Low | Value | Volume |
| $1.24 | $1.26 | $1.17 | $14.94M | 12.46M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 30300 | $1.18 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.19 | 36921 | 3 |
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| Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
| DRO (ASX) Chart |