DOU 33.3% 0.4¢ douugh limited

$4mil at 42c via pattersons, page-34

  1. 11,310 Posts.
    lightbulb Created with Sketch. 1590
    it's easy to get spooked by a cap raise if you listen to all the daytraders who dont know what they are trading or why... they just want to duck in and out with minimal risk. But if you can ignore the panic they create for themselves,.. then the reality is the raising is at basically the same price the share price closed at one day earlier. How many shares do you know that can raise capital at the closing price of one trading day before the halt? It's a very strong statement. When PSY cap raised at 36... it was the price of about a week of trading prior. And most of us will know what happened when they resumed trading... a slight pull back and then an immediate boom about an hour later.
    The share has been running and i think with the huge prospects they have there is no harm in a smallish raising like this if you can get it... especially at a price that reflects a closing price of only 1 trading day earlier.
    This will pull back on open as the nervous traders jump... then it will run hard as people who realise the upside is incredible take hold. Those who can get their head around the importance of the funding and that the price is perfectly fine... well they will do well as zip continues its rapid march forward.
    Dont let numpties scare you into thinking otherwise. they regurgitate the same stuff over and over on every thread. zip has a lot more left in the tank.
 
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Last
0.4¢
Change
0.001(33.3%)
Mkt cap ! $4.328M
Open High Low Value Volume
0.3¢ 0.4¢ 0.3¢ $233 59.82K

Buyers (Bids)

No. Vol. Price($)
11 13550553 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 8071287 15
View Market Depth
Last trade - 15.33pm 15/07/2024 (20 minute delay) ?
DOU (ASX) Chart
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