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Justadabble

8,515 Posts.

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24/03/23

08:53

Post #: 66935283
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Originally posted by Whiplashed: ↑

Thanks, though I think we'd all be disappointed if we're relying on a 3 yr old transaction to justify an imminent CR price. Where's the bravado and optimism that drives prices on the ASX?!!

One thing that struck me on review of the top 20 shareholders is that many of these acquired shares at a price close to the last share sale price of $0.004. I can't find the announcements at the moment that disclose that pricing arrangement, though there's a number of 8m+ shareholders that I'd bet were paid fees some years ago that would probably be looking pretty happy about any positive share price movement and tradeability. Guessing that this might hinder any upward share price trajectory until all that dead wood is out of the way.

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It's worth sending David an email querying the price of the cap raise, especially if you are offering to pay more

New entrants will be relying on stale holders to make a market, will be very interesting watching it all unfold.

MMR Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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