Having participated in numerous SPP's i think this is correct if the price is @ 150 or less almost no one will be in. @ $1.60 probably get the $10m, @ $2 $50m plus. My question is though if the price is $2+ will they take the $50m??
Its interesting that even though the price seems to have trouble getting past the $1.50 the buy side has always seemed stronger than the sell in market depth since the cap raising. Been watching this stock for a long time and it seems like 98% of the time the sell side has been higher. Buy side is maybe 3x or more before cap raising, sell side about 2x more than before
Just a guessing though DYOR
Ann: Kingsgate SPP Offer Booklet, page-3
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Last
$1.76 |
Change
-0.015(0.85%) |
Mkt cap ! $453.6M | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.76 | $1.72 | $556.1K | 321.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1810 | $1.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.76 | 8825 | 2 |
View Market Depth
| Last trade - 16.10pm 05/06/2024 (20 minute delay) ? |
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Last
$1.74 |
Change
-0.015 ( 1.68 %) |
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| Open | High | Low | Volume | ||
| $1.74 | $1.75 | $1.72 | 24189 | ||
| Last updated 15.59pm 05/06/2024 ? | |||||
| KCN (ASX) Chart |