all imo
if there wasnt a ethos of dump for fees and free options, perhaps there would be some more respect for the sp.
As it stands, what is the expectation ? A large under written, to be sold off, in lou of fees/ free options
So when the form of the donkey is understood, the behavior, the market figures out, if it wants to lose money it can participate at 5.5c, 4c, 3c ? etc. Or it can buy on market at the dump discount at low 3c, and trade out quickly before the next CR at 2c.
Ann: Extension of Entitlement Issue Closing Date, page-4
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Last
7.1¢ |
Change
0.011(18.3%) |
Mkt cap ! $13.12M | |||
| Open | High | Low | Value | Volume |
| 6.1¢ | 7.1¢ | 6.1¢ | $117.2K | 1.742M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10447 | 6.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.1¢ | 1505 | 1 |
View Market Depth
| Last trade - 15.22pm 12/06/2024 (20 minute delay) ? |
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Last
6.9¢ |
Change
0.011 ( 15.0 %) |
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| Open | High | Low | Volume | ||
| 6.7¢ | 6.9¢ | 6.7¢ | 164119 | ||
| Last updated 13.49pm 12/06/2024 ? | |||||
| DXN (ASX) Chart |