Not complicated IMO.
When you do a massive CR at 14.5c when the SP is trading at 18c - this is what happens.
Let the SP run when there’s clearly momentum and do a CR at no more than 5% discount of the price thereafter and then you would presumably see this trading nearly twice the current levels.
I completely accept what another member suggested previously - these guys got “strong armed” into it IMHO.
Ann: Results of Meeting, page-10
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Last
38.5¢ |
Change
-0.020(4.94%) |
Mkt cap ! $267.4M | |||
| Open | High | Low | Value | Volume |
| 40.5¢ | 40.8¢ | 38.5¢ | $1.126M | 2.841M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 151027 | 38.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.0¢ | 201127 | 2 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |