Because they just took up tranche 2 of the placement yesterday. This tranche could only be issued after shareholder approval at the EGM
it is worth pointing out the Tolga and Rob Jewson together now own 17% of the company.
I assume Even Cranston also took part in the placement but hasn’t declared yet.
The three principal directors probably now own about 25% of this company.
They can’t sell without disclosing and so are obviously not in this for a short-term pump and dump trade as the panic sellers are worried about
Also the volumes do not indicate this either. The shares have fallen on relatively low volume.
I think in coming days the stock will find a floor. Frankly this retracemeant is healthy for the stock as the price chart was getting out of control and becoming unattractive to new prospective buyers At least now it can build a base and move up in a more measured way.
- Forums
- ASX - By Stock
- Ann: Change in substantial holding - Tolga Kumova
Because they just took up tranche 2 of the placement yesterday....
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add M4M (ASX) to my watchlist
|
|||||
Last
3.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $115.1M |
Open | High | Low | Value | Volume |
3.2¢ | 3.3¢ | 3.2¢ | $34.09K | 1.062M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 756294 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 715529 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 756294 | 0.031 |
11 | 5181212 | 0.030 |
4 | 525828 | 0.029 |
8 | 1456202 | 0.028 |
3 | 457444 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 715529 | 4 |
0.034 | 324450 | 2 |
0.035 | 626000 | 6 |
0.036 | 482584 | 3 |
0.037 | 320000 | 2 |
Last trade - 15.55pm 24/07/2024 (20 minute delay) ? |
Featured News
M4M (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
Previous Video
Next Video
SPONSORED BY The Market Online