This is effectively a share buy-back. It might be in preparations for a SPP further down the road.
It's a smart move and good for share price robustification for continuing holders but kind of an annoyance for small share holders who have to opt-out (most individual traders would have positions around $500 and might be caught up in this). At least less sell pressure since the small end of town is where the recent volatility we see largely come from.
This is effectively a share buy-back. It might be in...
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $517.8M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 17.5¢ | $2.039M | 11.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 144143 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 2098329 | 16 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LRS (ASX) Chart |