The more cynical amongst us would maybe suggest its a high probability that the lucky recipient/s of the April placement of around 104 million shares at around 3 cents a pop have been drip feeding them back into the market during the up and this current down. Could easy turn a $3 mill investment into $10 mill plus in a few months.
Now that is making money!!
THey could sell down to 6 cents and still be 100% up on their remaining holding.
Its amazing to think they could be making massive money selling into a downtrend. But that happens. Companies dont waste a CR like that on retail holders.
The prevailing dominant trend is down at the moment and if it continues to be fed by low cost holdings we could easy see way lower levels from here.
Of course great news from the business in the next few days could turn things around.
The more cynical amongst us would maybe suggest its a high...
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20.0¢ |
Change
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Mkt cap ! $371.1M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $843.2K | 4.220M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 71948 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 644737 | 16 |
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| BRN (ASX) Chart |