If true that is a very good sign, within the trading range over the last week or so and not a huge dilution. .
Also, the number of times I have seen good results and everyone selling into them because they're panicking about the almost inevitable follow-on CR, at least this dynamic will now be taken out of the equation so the SP can run if results are good.
For those worrying that they are secretly sitting on average results remember two things:
- If true it will be an interesting response to an Aware Letter to the ASX
- If results are shitty who would be parting with $1.5M - the risk is too great they might not get their money back noting there is always a lag between resumption of trading and quotation of securities.
Hypothetically, what if the company and their credit raise partner had an inkling that the results were great, then parting with $1.5M will not be a problem knowing there will be plenty of fat in the SP to get their capital out should they wish to.
In any event we haven't seen the terms of the CR yet. Cheers
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $15.69M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.5¢ | $45.35K | 244.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 42297 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 46000 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 42297 | 0.185 |
7 | 763743 | 0.180 |
5 | 599229 | 0.175 |
5 | 529099 | 0.170 |
3 | 27090 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 46000 | 3 |
0.195 | 37586 | 2 |
0.210 | 28237 | 3 |
0.215 | 29608 | 1 |
0.220 | 89119 | 4 |
Last trade - 15.50pm 16/10/2024 (20 minute delay) ? |
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