Its quite amazing for under 10k worth of trades worth this morning that the price can be down 15%.
Maybe its the insto's that couldn't get in @1.2 as the placement offer was heavily oversubscribed.
Or could it could be holders hoping to take up the left overs of others who do not wish to participate in the rights issue.
More than likely it was the nervous investor(s) selling there little amounts.
Congrats to those who picked up @1.1
If you are ever in doubt or get nervous about the s/p at current, have a look at the current trading box.
Wouldn't take much to swallow them all up on good news and no walls in place.
ARE Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
