as i posted, a 1 for 10 SPP doesn't offer many shares or incentive to sell for a profit
its only 124,289,518 new shares or 9.1% of the register, which is the same or less shares traded in weeks ending 21/6/19 (121 million) and 28/7/19 (188 million)
if the entitlement was larger or the placement was merely to the usual buy & dump 'Sophisticated Investors', it could be expected the share price fall to as low as 1.8 cents
if it falls to 2 cents, it won't last long. personally, I wouldn't bank on it
Ann: Progress on Assay Development Program, page-106
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add IIQ (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
58.0¢ |
Change
0.015(2.65%) |
Mkt cap ! $63.96M | |||
| Open | High | Low | Value | Volume |
| 56.5¢ | 58.0¢ | 56.0¢ | $38.51K | 68.38K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2293 | 56.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.0¢ | 13111 | 1 |
View Market Depth
| Last trade - 15.48pm 12/07/2024 (20 minute delay) ? |
| IIQ (ASX) Chart |