DXN

9.20%

7.9¢ dxn limited

Ann: Share Purchase Plan - Record Date, page-4

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19/12/18

19:10

Post #: 36910770
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Originally posted by foo ling yu: ↑

You might be quite surprised at how many will take up the offer. There's a number of reasons why many will.

1. Many long term investors don't watch the market daily, they pick a stock, buy in and ride it until boom or bust.

2. Older less tech savvy investors, many still call their broker on the landline, they have no idea of daily fluctuations and only read an offer document sent by mail offering a discounted price with no fees. (Must be a good deal).

3. Strong believers in a company consider it their duty to participate to do their bit in helping their company raise its funds.

4. Volume, if you calculate the required volume to raise the funds they are seeking, you will find a huge shortfall in shares available at that price, many just can't be bothered wrangling the market for days or weeks to get their fill.

5. We all have 1 month of free trading up our sleeve, which means many of us will wait it out knowing we have a garanteed buy in price, this allows us to watch and wait for the final hour at no risk, or to sell our current holding should the price spike knowing we have a set re-entry price, kind of a short sell opportunity.

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maybe, depend on how much confidence the holders still have. Let’s see.

DXN Price at posting: 15.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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(20min delay)
Last 7.9¢		Change -0.008(9.20%)		Mkt cap ! $14.76M

Open	High	Low	Value	Volume
8.0¢	8.2¢	7.7¢	$35.80K	454.8K

Buyers (Bids)

No.	Vol.	Price($)
2	12820	7.7¢

Sellers (Offers)

Price($)	Vol.	No.
8.1¢	142127	1

View Market Depth

No.	Vol.	Price($)
1	5820	0.077
1	12000	0.076
1	30000	0.075
3	76770	0.074
2	214000	0.071

Price($)	Vol.	No.
0.081	142127	1
0.087	20999	1
0.090	8500	1
0.091	48333	1
0.092	9500	1

Last trade - 16.10pm 02/08/2024 (20 minute delay)

DXN (ASX) Chart

Ann: Share Purchase Plan - Record Date, page-4

GreenX picks up prospective copper project in Germany

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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Ann: Share Purchase Plan - Record Date, page-4

Top Stories

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Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

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Venture to sniff out high-grade REE targets at Jupiter project, WA

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Uranium prices on the NYMEX are stable, but ASX uranium stocks are sinking on Friday. The answer lies in Kazakhstan

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News