SOR 6.00% 4.7¢ strategic elements limited

Ann: SOR Oversubscribed Share Purchase Plan, page-60

  1. 10,994 Posts.
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    The share price was holding nicely today, in fact it was rising gradually as the day went on until 3:45pm when the SPP shares hit people's accounts.

    85m shares issued at $0.06 so some profit taking is to be expected. 14.5m shares traded today with probably close to about 9m of that on or after 3:45pm.

    Personally I anticipate, barring any news tomorrow, for a bit more profit taking but there seems to be a lot of support around these levels so unless people go stupid with their profit taking then I'd expect 11 cents to hold, as per @ecneitap 's comments that is a resistance level.
 
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