2 reasons they don't want this to run.
1) It precludes the retail arbitrage between a higher price and the fixed price SPP.
2) The SPP shortfall, if it arises, may be able to be placed at $7.30 so they could add to their holdings easier at a later stage.
It all comes back to understanding the mechanisms behind the CR process.
AL
2 reasons they don't want this to run.1) It precludes the retail...
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Last
$1.32 |
Change
0.130(11.0%) |
Mkt cap ! $511.4M | |||
| Open | High | Low | Value | Volume |
| $1.19 | $1.35 | $1.19 | $9.396M | 7.339M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5300 | $1.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 32293 | 3 |
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| Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
$1.33 |
Change
0.130 ( 11.9 %) |
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| Open | High | Low | Volume | ||
| $1.20 | $1.35 | $1.20 | 1071385 | ||
| Last updated 15.59pm 08/05/2024 ? | |||||
| CHN (ASX) Chart |