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1.4¢ brookside energy limited

If the underwriter has to buy the ops at 1.1 then wouldn't...

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jaybeejacks

280 Posts.

109

09/06/22

13:37

Post #: 61918473
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Originally posted by stevenjd: ↑

i'm bidding at 1.1c
I think come the seller at 1.2, even the underwriter of the ops would make sense to do this, to pay out the 1.1c under writing of ops. They dont pay anything to acquire the underwritten ops.
This will make it a 1.1 bid, a 1.2 sell. So expect a trickle even to 1.1c to break even, if they are just providing a service to raise the cash.
Fundamentally should recover, but no point over paying when you understand the dynamic.
My entry was 1.9 from my ops flip at 0.9, so not worried, but will add when the mechanics derive the lowest denominator.

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If the underwriter has to buy the ops at 1.1 then wouldn't selling them at 1.1 just mean they break even? I thought the lowest it might go is to 1.2 as the lowest you can buy/sell the ops for is 0.1c

BRK Price at posting: 1.4¢ Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last 1.4¢		Change 0.001(7.69%)		Mkt cap ! $66.70M

Open	High	Low	Value	Volume
1.3¢	1.4¢	1.3¢	$23.24K	1.756M

Buyers (Bids)

No.	Vol.	Price($)
34	18587070	1.3¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	10432744	13

View Market Depth

No.	Vol.	Price($)
34	18587070	0.013
16	8161094	0.012
7	7243638	0.011
9	4000009	0.010
7	3170014	0.009

Price($)	Vol.	No.
0.014	10432744	13
0.015	10177978	17
0.016	4570990	17
0.017	8172593	8
0.018	2434444	6

Last trade - 16.10pm 07/05/2024 (20 minute delay)


Last 1.4¢			Change 0.001 ( 3.85 %)
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