the share purchase plan will be heavily over subscribed as the accompanying news was an absolute game changer that basically solidifies the future and corresponding share price increase of this company.
Based on what we know, nobody would sell a share on the assumption that the share price will never be this high again. The only reason someone would sell now is in an attempt to buy cheaper in the SPP or in hope that the market drops the trade price to 3.1. That’s a dangerous game with company making news like this.
This is one of those occasions where buying on market at open might be the best decision, hence the higher bids.
Time will tell, but investors will be looking to increase their holdings however they can.
$.310 share purchase plan, page-5
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Last
8.3¢ |
Change
-0.008(8.79%) |
Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
| 9.0¢ | 9.0¢ | 8.3¢ | $4.722M | 56.06M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1606055 | 8.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.6¢ | 110070 | 6 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CXO (ASX) Chart |