@Ducat. When a smart company goes to the market for CR it usually has up its sleeve future information that legally at the time is not price sensitive but has the potential to later bolster market sentiment if needed to support the price. At 2.9 cents they are confident that all rights will be executed knowing future release of pilot plant successful operations will hold the market price above.
If they waited 6 weeks they may have 1 missed an opportunity, 2 had no future news available to support the price and if market price was below strike price then all would buy on market as opposed to executing their rights.
A CR now provides more certainty.
- Forums
- ASX - By Stock
- Ann: Desert Lion Merger and Entitlements Issue
@Ducat. When a smart company goes to the market for CR it...
-
- There are more pages in this discussion • 91 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 LPD (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.88M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $408 | 205K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
132 | 269804148 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 20026344 | 25 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
132 | 269804148 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 20026344 | 25 |
0.003 | 55280391 | 56 |
0.004 | 39133666 | 36 |
0.005 | 8830858 | 11 |
0.006 | 7301726 | 11 |
Last trade - 10.55am 15/08/2024 (20 minute delay) ? |
Featured News
LPD (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online