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Ann: Trading Halt, page-39

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jaguar68

6,828 Posts.

745

14/06/24

17:36

Post #: 74322592
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Originally posted by oldtimer2: ↑

yes it may account for the aggressive selling, maybe even shorting, prior to the announcement, with a few days pause to avoid an ASX/ASIC review. As the volume died around 3.6c, we can probably expect that charting target of 3C to be touched should the placement get filled.

You can’t necessarily sell the new shares, but you can sell ones you already have instead on the opening, so one way or another there is renewed pressure.

The lead manager does have a bit of a reputation in this space, and may well raise money where others before have failed. Their style is to then promote aggressively through a research report. At least we know the project is a goer, so there is a genuine story to tell. Who knows, it may do a DRO.ASX and simply run up after the placement.

Never a dull moment with this stock.

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All the other companies in the Pilbara area are all shooting up today Sum, Cym, Rcr, Rnx , there might not be a big sell off on monday imo.

ANX Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $10.45M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$22.29K	1.858M

Buyers (Bids)

No.	Vol.	Price($)
13	4159616	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	1531445	2

View Market Depth

No.	Vol.	Price($)
13	4159616	0.011
16	3452099	0.010
7	1930000	0.009
1	120000	0.008
1	200000	0.007

Price($)	Vol.	No.
0.012	1531445	2
0.013	3523389	6
0.014	2132372	6
0.015	3010348	6
0.016	3081952	5

Last trade - 12.04pm 31/10/2024 (20 minute delay)

ANX (ASX) Chart