Yes, it is the expectation of results. Also, pattersons and THR are not stupid. They issue it at a lower price, say - 1.2cents. Sell the stock to sophisticated on the basis that "great news" is coming and bang, guarenteed multi-bagger. Thus, making it easier for them (pattersons) to sell the stock (to clients).
News will probably hit before stock hits the market. IMO will probably re-test 2.5cents then come back down to 1.8 after placement stock has flooded the market.
THEN and only then can further news improve SP beyond that 1.8 - 2.5cent range.
Yes, it is the expectation of results. Also, pattersons and THR...
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.700M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 400000 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 538462 | 1 |
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| Last trade - 16.12pm 02/10/2024 (20 minute delay) ? |
| THR (ASX) Chart |
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