Even you own word lack conviction.
It's the 48m shares due to be issued on May 10 (tomorrow) that may be dumped at any profit above 18.5c. So this is why i think it will take a few weeks.
So it may or it may not be sold?
Which side of the fence are you?
If you think this is the case sell your holdings & buy back in the flood of profit takers making a pip trade.
I'll even give you bagging rights to "I told you so".
The other part of your point that they are propping up the share price. So they'll burn 1/2 to 1c per share to achive what ....a oversubscribed SPP. That's already a given, which will be cut back for Joe average.
Are you saying we are in a distribution phase? As I don't see it in the volume to date.
Even you own word lack conviction. It's the 48m shares due to be...
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.13M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $31.41K | 2.617M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2186711 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 3441700 | 5 |
View Market Depth
| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| CLA (ASX) Chart |