@sle,
If you subtract 25,000,000 from 27,562496 you get 2,562,496 shares free trade shares on the day of listing. This takes into account the pre IPO seed investors non escrowed portion.
Obviously some sold today for a nice profit on the shares they were able to trade.
Theoretically the tide will turn quickly once supply of shares available to trade dries up, and that should happen very soon.
See the table on page 2 section 2C within the Pre Quotation diclosure announcement put out this morning pre listing for reference, which I am sure you have already seen.
Hope that helps
Cheers
HR
No advice given or intended.
Ann: Litchfield Minerals to List on the ASX, page-10
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| Open | High | Low | Value | Volume |
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| 15.0¢ | 119417 | 4 |
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