In the announcement they state the demand from Instos significantly exceeding available shares. Do we think IG has given them more info than what we are receiving? Why would demand be exceeding available shares if the SP is tanking? Once they get the 15m shares, it will take them forever to offload them as there is poor liquidity. Unless of course they have a deal with the shorters.
surely they wouldn’t take up the offer unless they was a great opportunity. At the moment I’m struggling to understand what that may be.
In the announcement they state the demand from Instos...
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Last
52.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $94.29M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 54.5¢ | 52.0¢ | $67.63K | 128.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 62493 | 52.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 53.0¢ | 5741 | 4 |
View Market Depth
| Last trade - 16.10pm 26/06/2025 (20 minute delay) ? |
| ASM (ASX) Chart |