There was 65 million x 1.6 cent new shares, as part of that rights issue placement issued and tradeable from Thursday.
You would have thought some stag selling was likely, in fact I was waiting for weakness to purchase more.
Instead of selling, buyers hit it hard. 28 million shares traded thursday and 21 million yesteday. SP up from 2 to 2.3 cents. Placement overhang is probably out already. Shortfall probably went to strong hands and they can work out fundamentals here.
Low cap here for an existing gold producer ( at least they will be in May).
being re rated, page-2
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $16.22M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.1¢ | $1.543K | 129.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 3283876 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 8352781 | 7 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| EXT (ASX) Chart |