First tranche is only $1.8M. If last raise is anything to go by, sub holders participated to maintain their % holdings. Only sub holder who sold any shares after the last raise did so after tripling their money.
Long story short I'm expecting some selling but also think there would be existing holders who participated and wanted to lower their $ average have already sold in previous days at higher prices and those that didnt get an allocation will hopefully take up most of the slack when/if it dips towards the raise price.
Overall not too worried about this tranche especially with first results only a couple of weeks away.
GLA
Ann: Further high-grade results from Spur drilling, page-287
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Last
29.5¢ |
Change
-0.010(3.28%) |
Mkt cap ! $53.10M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.5¢ | 29.5¢ | $230.7K | 766.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 41717 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 91000 | 2 |
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| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| WTM (ASX) Chart |