So what's the thoughts on how the funds will play this out ?
Placement was at market, and is a substantial amount of volume
Appears to be the last lot of dilution for a very long time, or at least till stage 2 Mabilo
In that case, are the funds likely to run this up to loftier $1-2 levels knowing they aren't at risking of being diluted, soak the loose retail stock along the way and can build the market themselves ?
I'm sure at least some suspect an exit to B2 and may be happy to soak the register for an eventual offload to them much higher, especially if you don't have dilution risk
Ann: Trading Halt, page-2
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Last
3.7¢ |
Change
-0.003(7.50%) |
Mkt cap ! $40.14M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.7¢ | $5.882K | 153.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 19961 | 1 |
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| Last trade - 14.38pm 14/06/2024 (20 minute delay) ? |
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Last
3.7¢ |
Change
-0.003 ( 7.50 %) |
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| Open | High | Low | Volume | ||
| 4.0¢ | 4.0¢ | 3.7¢ | 38900 | ||
| Last updated 13.36pm 14/06/2024 ? | |||||
| RTG (ASX) Chart |