ITM itech minerals ltd

6.45%

3.3¢

Was a happy holder via Archer.CR neatly done and dusted yet with...

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GreatWA

3,931 Posts.

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02/12/22

14:53

Post #: 65121204
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Originally posted by JandJ: ↑

As a potential holder of ITM I can say I don't like the way that CR was done.

1. Clearly the whole amount could have come from existing shareholders.
2. If that was done, building a strong base of shareholders who know they will be rewarded with any discounted offers is invaluable.
I have witnessed that several times and happily supported the company going forward, as did many others.
3. Placing to investors through brokers may be the easy way, and yes may help future raises, but we all know much of that money will be quickly circulated when anything from 20% profit is on offer.

IMO, shareholders whose offer of support was scaled back so dramatically should deny the company the extra funds for the placement. And/or consider carefully the contribution of any director up for reelection.

Shareholders have muscle, you know, and when they flex them companies act very differently.

Upon careful reflection I have pulled my order. Does not mean I may not buy later, just that I want to see how this settles.

GL all.

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Was a happy holder via Archer.
CR neatly done and dusted yet with a lingering air of smart arsery.
"'sincerely thank shareholders' - including the proportionately well 'placed'?
Deliberations on future board actions 'best served cold'.

ITM Price at posting: 29.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.3¢		Change 0.002(6.45%)		Mkt cap ! $5.637M

Open	High	Low	Value	Volume
3.2¢	3.3¢	3.2¢	$21.90K	666.6K

Buyers (Bids)

No.	Vol.	Price($)
2	242173	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	280000	1

View Market Depth

No.	Vol.	Price($)
2	242173	0.032
2	196866	0.031
1	50000	0.030
3	590000	0.029
5	832130	0.028

Price($)	Vol.	No.
0.034	280000	1
0.037	11500	1
0.038	100000	1
0.040	91872	4
0.044	279000	2

Last trade - 15.55pm 20/06/2025 (20 minute delay)

ITM (ASX) Chart

Was a happy holder via Archer.CR neatly done and dusted yet with...

ASX Market Open: Stocks slide as Trump tosses up attacking Iran directly | June 20

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