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29M

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3.09%

50.0¢ 29metals limited

ok, thanks for the info

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marky999

658 Posts.

85

29/09/23

10:15

Post #: 70091598
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Originally posted by the technician: ↑

If your shares are held in a superfund where you are not the manager you are normally restricted on how much you can buy and they frown on averaging down but eligible CRs are a way around these rules , so for example in 29Ms case if you held 220,000 shares you would be entitled to 100,000 shares at 69c but in this bubble even though the market price was as low as 62c the fund manager would restock your purchase to say 5000 and you would miss out on 95,000 shares .
This is one way where I know there would be an advantage to the CR price even though the market gave a further discount .
Hope this helps
Regards TT

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ok, thanks for the info

29M Price at posting: 69.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 50.0¢		Change 0.015(3.09%)		Mkt cap ! $350.8M

Open	High	Low	Value	Volume
48.5¢	50.5¢	47.5¢	$963.6K	1.950M

Buyers (Bids)

No.	Vol.	Price($)
1	2998	50.0¢

Sellers (Offers)

Price($)	Vol.	No.
50.5¢	141989	6

View Market Depth

No.	Vol.	Price($)
1	2998	0.500
3	64641	0.495
6	72334	0.490
6	89773	0.485
6	242143	0.480

Price($)	Vol.	No.
0.505	141989	6
0.510	287508	8
0.515	252806	5
0.520	330544	10
0.525	186000	4

Last trade - 16.10pm 17/05/2024 (20 minute delay)


Last 50.5¢			Change 0.015 ( 3.97 %)
Open	High		Low	Volume
48.5¢	50.5¢		47.5¢	455866
Last updated 15.59pm 17/05/2024 ?

29M (ASX) Chart