I'm surprised they didn't take more insto money given it was heavily oversubscribed. That however is a good thing as if they choose to increase their positions they will need to buy on market now. Through Petra KIN management have bought a number of brand name institutions on the register with the story being much more widely known now than it was a week ago. From my experience institutional buying drives share prices and if you are sharing $7M amongst a number of institutions and SI's they clearly have a lot more buying to do.
Ann: Kin to Raise $10m to Accelerate Cardinia Gold Exploration, page-12
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Last
5.9¢ |
Change
-0.001(1.67%) |
Mkt cap ! $70.68M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.2¢ | 5.9¢ | $38.89K | 646.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 230000 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 519200 | 1 |
View Market Depth
| Last trade - 11.00am 17/07/2024 (20 minute delay) ? |
| KIN (ASX) Chart |