ASM 1.46% 69.5¢ australian strategic materials limited

Ann: Section 708A Notice, page-2

  1. 1,032 Posts.
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    Wait, what?
    $2.07 per share?
    Sell some to me! I'll empty my bank account if I can buy at that price.

    Seriously though, can anyone explain why ASM would issue new shares and then sell them at 40% of current value?
    Seems like the buyer(s) could just turn around and sell them and pocket $4 million for their troubles.
 
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69.0¢ 70.0¢ 68.0¢ $91.63K 132.7K

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No. Vol. Price($)
1 30000 69.0¢
 

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Price($) Vol. No.
69.5¢ 1080 1
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