The significance of this is that they were bought at .1 cents and are coming out of escrow on the 29th, afterwhich they can be sold on market. I assume that is why the price has fallen back to .2c and there are so many orders ( more than 204 million now on the buy side) waiting to buy at .2 cents hoping the .1c holders will take a profit at that price.
There would need to be some really good news for the SP to go anywhere till all those extra shares are sorted out.
Ann: Restricted Securities to be Released from Escrow, page-5
Add MTL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.39M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $16.61K | 8.207M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 20434498 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 69161662 | 74 |
View Market Depth
| Last trade - 15.48pm 29/07/2024 (20 minute delay) ? |
| MTL (ASX) Chart |