Well, as suspected....
As we approach 25/9 close date on EI, sell down below issue price commences. Surprise, surprise. Have seen this numerous times before when CPS and Mr. Peterson are involved in the underwriting of an EI. They have $3,000,000 hedging on a no take up from holders on this and I am pretty sure they want to grab all of them, plus any more than can get their hands on via shortfall.
Once they do...we should see some fun times ahead, generally do behind their backing.
Ann: Entitlements Offer to Fund New Development and Growth, page-267
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $21.47M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $1.643K | 547.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 17693155 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 57059718 | 59 |
View Market Depth
| Last trade - 10.04am 28/08/2024 (20 minute delay) ? |
| LPD (ASX) Chart |