Because they just took up tranche 2 of the placement yesterday. This tranche could only be issued after shareholder approval at the EGM
it is worth pointing out the Tolga and Rob Jewson together now own 17% of the company.
I assume Even Cranston also took part in the placement but hasn’t declared yet.
The three principal directors probably now own about 25% of this company.
They can’t sell without disclosing and so are obviously not in this for a short-term pump and dump trade as the panic sellers are worried about
Also the volumes do not indicate this either. The shares have fallen on relatively low volume.
I think in coming days the stock will find a floor. Frankly this retracemeant is healthy for the stock as the price chart was getting out of control and becoming unattractive to new prospective buyers At least now it can build a base and move up in a more measured way.
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Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $136.7M |
Open | High | Low | Value | Volume |
4.1¢ | 4.3¢ | 3.8¢ | $666.1K | 16.46M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 52630 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 15750 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 52630 | 0.038 |
7 | 383755 | 0.037 |
2 | 1312500 | 0.036 |
8 | 1051507 | 0.035 |
5 | 758598 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 15750 | 1 |
0.041 | 350000 | 4 |
0.042 | 1169661 | 8 |
0.043 | 814653 | 6 |
0.044 | 719213 | 6 |
Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
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