The lack of selling today suggests everyone was hoping for a rights issue. The discounted price suggests to me that it was more than likely insto's of a sizeable variety to command that sort of discount. I expect almost no stock to come out and them to buy more on mkt. See how FAR traded...It will be similar UK insto's on the PCL register IMO The only reason we aren't at 15c now was for the supposed rights issue.
$5m insto placement, page-12
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Last
1.6¢ |
Change
0.001(3.33%) |
Mkt cap ! $126.0M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $43.12K | 2.873M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 7802099 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 2823568 | 9 |
View Market Depth
| Last trade - 10.16am 10/10/2024 (20 minute delay) ? |
| PCL (ASX) Chart |