I believe you had a very valid point and missed a good opportunity. You’re correct because if they didn’t continue to dump and allowed the price to build momentum with continued release of rock chip samples it may have created an opportunity to build the SP back to over 1 cent. They could have executed there offloading of stock in smaller portions as the momentum built. It would have been a win win for everyone. Current shareholders would have seen a doubling in SP, the holders of the 3 cent stock would have seen a far higher return on there investment and it would have allowed the company to raise capital at a far higher price.
I believe you had a very valid point and missed a good...
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Mkt cap ! $9.775M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $19.93K | 5.631M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 54 | 62643013 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 5660879 | 5 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.4¢ | 0.4¢ | 0.4¢ | 853166 | ||
| Last updated 15.05pm 14/06/2024 ? | |||||
| LNR (ASX) Chart |