There are a few good corporate advisers I know that can sell the story for the board and have very close relationships with fund managers and corporates and wholesale/HNW individual. Such clients are comfortable with a 2-3 year hold timeframe. Retail (comsec) clients playing hot potato among themselves will reflect on the market's perception of the Board. Eventually this will be value destructive in terms of dilutive future raisings.
This why I try to avoid certain broker IPOs as you know in advance how weak their client base is on listing.
Ann: Ngualla Project Update , page-29
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $33.70M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $13.65K | 120.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 336000 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 164931 | 2 |
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| Last trade - 15.55pm 19/11/2024 (20 minute delay) ? |
| PEK (ASX) Chart |