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19.0¢ industrial minerals ltd

what does CR mean please?

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2 Posts.

07/11/23

21:11

Post #: 70773981
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Originally posted by Bargainstocks01: ↑

yup a big cross @User 17 - done at at 95 cents.

12.5 mill shares have now traded since the lithium deal was announced. thats 19% of the existing float.

i think all the old holders like me who were stuck in from the low 20cent level to 30 cents level the last 2 years and couldn't get out becuase of such low volumes - will have mainly dumped enough (around 20%) to have got their money back and be free rising with 70-80% of our shares still.

So i expect the heavy selling of the last few days should start to lighten up - IMO the sell preassure will fall off and new buyers may have to start paying up.

i also think the market is cautious cos many expect a CR- but once 10 mill oppies convert (which is probably what that cross was about as IMO no one but management have that many?) and then IND has A$3-4 mill cash - that fear will evaporate too.

so we should start creeping a bit higher again ? bring on $1.20-1.50.

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what does CR mean please?

IND Price at posting: $1.25 Sentiment: Buy Disclosure: Held
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(20min delay)
Last 19.0¢		Change 0.000(0.00%)		Mkt cap ! $14.65M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
5	23723	18.5¢

Sellers (Offers)

Price($)	Vol.	No.
19.0¢	46527	2

View Market Depth

No.	Vol.	Price($)
5	23723	0.185
1	51884	0.175
2	33432	0.170
2	38718	0.160
1	5000	0.155

Price($)	Vol.	No.
0.190	46527	2
0.200	146173	2
0.210	9000	1
0.220	15000	1
0.240	6818	2

Last trade - 10.04am 22/08/2024 (20 minute delay)

IND (ASX) Chart

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