I assume they thought the SP would not have fallen to this level earlier in the year, but with the absence of pentlandite so far, the market has turned against G88 despite what they have achieved.
This could change in the near future, but without the funds to complete the current program, what else could they do. I'm sure the directors did not want to dilute the stock at this stage either as they hold so many too.
I'm happy it was such a modest placement but surprised at today's reaction to it. The day traders will be rubbing their hands together.
Anyway, I'm only making assumptions here but what i do know is its probably a good time to stop watching the daily price movements until the next lot of announcements. Good luck
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.112M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $4.061K | 406.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 748927 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 697068 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 748927 | 0.010 |
4 | 489232 | 0.009 |
6 | 768750 | 0.008 |
2 | 342999 | 0.007 |
1 | 250000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 197069 | 2 |
0.012 | 552980 | 4 |
0.013 | 769231 | 1 |
0.014 | 83333 | 1 |
0.015 | 100000 | 1 |
Last trade - 13.47pm 27/09/2024 (20 minute delay) ? |
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G88 (ASX) Chart |