I think it was a bad choice to price the CR at 1c. A discount is expected but when it's priced at barely 50% of current market price it sends a message that the shares aren't worth much more than that. Dilution from the CR alone brings the price down immediately to 1.56c (ignoring the shares issued to Lepidico/Lemare), but IMHO the psychological impact of the CR being 1c is what brought it down even further. I sold out on the open, thankfully. May buy in again when it looks like things have stabilized.
I think it was a bad choice to price the CR at 1c. A discount is...
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $73 | 36.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 22 | 20533755 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 56344744 | 59 |
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| Last trade - 10.04am 30/08/2024 (20 minute delay) ? |
| LPD (ASX) Chart |