I am not sure how this works
The private placement on 25 April $40million, net of transaction costs,@ $0.85 ~ 47058823 shares
The Proposed issue of securities on 26 Aprilwas 77,083,607 shares @ $0.85
Reported shorts went from 49,114,091 on 24 April to 32,314,251 on 26 April to 29,832,227 on 2 May.
I presume 15m shares of the placement went directly to covering shorts. That appears to be easy money for someone.Trading volumes
1 2 May, 2023
.89 2 2 May, 2023
$0.89
+0.02
+2.30%
$0.88
$0.91
$0.88
2,222,534
$1,988,679
+0.02
+2.30%
.88 3 2 May, 2023
$0.89
+0.02
+2.30%
$0.88
$0.91
$0.88
2,222,534
$1,988,679
.91 4 2 May, 2023
$0.89
+0.02
+2.30%
$0.88
$0.91
$0.88
2,222,534
$1,988,679
.88 5 2 May, 2023
$0.89
+0.02
+2.30%
$0.88
$0.91
$0.88
2,222,534
$1,988,679
2,222,534
,988,679
6 1 May, 2023
$0.87
+0.01
+1.16%
$0.87
$0.895
$0.865
1,812,485
$1,589,926
7 28 Apr, 2023
$0.86
-0.02
-2.27%
$0.89
$0.895
$0.855
2,767,977
$2,413,371
8 27 Apr, 2023
$0.88
+0.005
+0.57%
$0.90
$0.90
$0.87
5,374,438
$4,763,480
MSB was 4.37% shorts on 25 May 2020 share price was $4.
In Nov 2020 shorts increased to over 9% Share price reached more than $5 .
On 22 May 2023 the shorts are 28,138.036 or 3.4% of shares.
The 4 week average trading volume is 2,296,100.
So I have no idea what people holding MSB shorts now are thinking. Did they miss out on the share placement or are they betting another FDA failure.
- Forums
- ASX - By Stock
- MSB
- Ann: MSB Reports Q3 Financial Results and Operational Highlights
Ann: MSB Reports Q3 Financial Results and Operational Highlights, page-213
-
- There are more pages in this discussion • 150 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MSB (ASX) to my watchlist
(20min delay)
|
|||||
Last
94.5¢ |
Change
-0.005(0.53%) |
Mkt cap ! $1.084B |
Open | High | Low | Value | Volume |
95.0¢ | 95.8¢ | 93.5¢ | $1.098M | 1.159M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
30 | 61747 | 94.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
95.0¢ | 173542 | 31 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
34 | 69399 | 0.945 |
28 | 342022 | 0.940 |
18 | 130019 | 0.935 |
19 | 230158 | 0.930 |
7 | 37950 | 0.925 |
Price($) | Vol. | No. |
---|---|---|
0.950 | 151847 | 27 |
0.955 | 146548 | 18 |
0.960 | 80600 | 14 |
0.965 | 80782 | 8 |
0.970 | 48133 | 4 |
Last trade - 13.58pm 28/08/2024 (20 minute delay) ? |
Featured News
MSB (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
SPONSORED BY The Market Online