Taipan..........in my view that's soft criticism. Quoting fixed price without first determining ground conditions was an epic failure and completely avoidable. Contractors rarely divulge reasons for such disasters although I am sure lessons were learned.
A class action is unlikely if only because the events in question were over a brief period during which ASX turnover was too low to interest lawyers. The size of the SP fall is a problem however.
There appears to have been some insider trading 7-8 days before the suspension with substantial volume and price fall. I am not suggesting this was the illegal sort.
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Last
10.3¢ |
Change
-0.003(2.38%) |
Mkt cap ! $30.58M |
Open | High | Low | Value | Volume |
10.5¢ | 10.8¢ | 10.0¢ | $194.3K | 1.858M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 1116122 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 404468 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 1116122 | 0.100 |
1 | 123232 | 0.099 |
2 | 38499 | 0.098 |
2 | 16500 | 0.097 |
1 | 30000 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 404468 | 7 |
0.110 | 320485 | 6 |
0.115 | 264367 | 4 |
0.120 | 199960 | 5 |
0.125 | 409286 | 10 |
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