I think you’ll find institutional investors took the bulk of this raise (two large existing SH). So to say the evil sophs dictate the price is misguided.
And your assertion that it will take months for retail to mop up the shares is again misguided. Do you think mum and dads will soak all this stock? No chance bud. Of course some participants will flog their stock for a quick win but there are some investors here that buy to have a piece of what will be a very lucrative portfolio.
Anyway, I’m not interested in arguing with anyone here. Not happy; sell. Simple as that.
Ann: $9m Placement to Fast-Track Regional Exploration, page-26
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Last
$1.07 |
Change
0.000(0.00%) |
Mkt cap ! $586.8M | |||
| Open | High | Low | Value | Volume |
| $1.09 | $1.09 | $1.06 | $739.2K | 688.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9041 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 13646 | 1 |
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| FFM (ASX) Chart |