I think this is why the price has fallen to where it is now on miniscule volume. Existing holders that elected to take DRP at $0.25 have no need to buy on market, new buyers waiting until after the issue for the opportunity to pick up any cheap sales etc. A good announcement this week would assist to deter any sellers and hopefully bring in some new buyers. IMO ***ong presents a significant opportunity for those with cash and a 2-3 year outlook. Hopefully the escrowed holders stay put.
Ann: Seventh Profit Distribution of $1.5m Received From Cannon, page-27
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Last
0.9¢ |
Change
-0.001(10.0%) |
Mkt cap ! $5.444M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 0.9¢ | $2.141K | 216.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1030595 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 2806886 | 1 |
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| Last trade - 14.56pm 21/06/2024 (20 minute delay) ? |
| ION (ASX) Chart |