Massive market overreaction here. Even if management GAVE away the placement shares for nothing, the SP should only drop 12% on the news.
I think that it may be the result of a large number of American investors on the share register, American shareholders are known for their hatred of capital raisings.
I've been on a buying spree all morning.
Massive market overreaction here. Even if management GAVE away...
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Last
$5.20 |
Change
0.255(5.16%) |
Mkt cap ! $1.229B | |||
| Open | High | Low | Value | Volume |
| $5.14 | $5.25 | $5.06 | $2.885M | 558.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 522 | $5.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.20 | 11743 | 19 |
View Market Depth
| Last trade - 12.23pm 11/07/2024 (20 minute delay) ? |
| SLX (ASX) Chart |