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14.5¢ loyal lithium limited

Someone gets it.23c.

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7,901 Posts.

2080

17/05/24

10:04

Post #: 73872005
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Originally posted by reon1: ↑

You've got to be kidding. Sure, most raises create some selling pressure. But flow-through raises are heaps better than a typical CR.

There would be heaps more selling pressure if they raised $3.3m at say a 15% discount.

Instead of issuing over 15m shares to raise $3.3, they only issued 7m new shares. That's a lot less selling pressure.

Not only that, the block trade of those shares was at 23c - no discount to current price - so little incentive to sell until the SP is higher.

These flow-through raises are awesome, makes Canadian lithium attractive investments.

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Someone gets it.

23c.

LLI Price at posting: 27.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 14.5¢		Change -0.005(3.33%)		Mkt cap ! $13.44M

Open	High	Low	Value	Volume
15.0¢	15.5¢	14.0¢	$39.01K	265.5K

Buyers (Bids)

No.	Vol.	Price($)
1	40000	13.5¢

Sellers (Offers)

Price($)	Vol.	No.
15.0¢	161546	1

View Market Depth

No.	Vol.	Price($)
1	40000	0.135
1	5560	0.130
2	55000	0.120
1	50000	0.115
2	35000	0.110

Price($)	Vol.	No.
0.150	161546	1
0.160	35210	2
0.165	26267	2
0.170	30000	1
0.175	29169	1

Last trade - 15.59pm 07/10/2024 (20 minute delay)

LLI (ASX) Chart