Being realistic, I can't see there is much incentive for buyers to buy shares at even 0.005 that they weren't planning to buy so they can buy more at 0.004. And it looks like there will be buying opportunities at 0.004 without outside the entitlements issue.
There doesn't seem to be any real incentive to buy at 0.006 for the entitlements issue when there is unlikely to be any shortage of offers at 0.005 in the forseeable future.
Say, buy 1000000 at .006 = 6000
then 250000 entitlement at 0.004 = 1000
Total 1250000 for 7000
or buy at 0.005 (now or when profit takers sell their 0.004 entitlements for a quick 25% profit as some will almost certainly do)
1250000 at 0.005 = 6250
Patience is what is required here. Lots of patience.
- Forums
- ASX - By Stock
- 0.004 barrier
Being realistic, I can't see there is much incentive for buyers...
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GGE (ASX) to my watchlist
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.57M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 230072 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 5098425 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 230072 | 0.006 |
8 | 3592622 | 0.005 |
13 | 10795010 | 0.004 |
10 | 8663605 | 0.003 |
7 | 4355000 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 5098425 | 12 |
0.008 | 3877177 | 10 |
0.009 | 592500 | 5 |
0.010 | 445653 | 4 |
0.011 | 100000 | 1 |
Last trade - 10.32am 16/08/2024 (20 minute delay) ? |
Featured News
GGE (ASX) Chart |
Day chart unavailable
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online