Good to disagree , and have healthy, respectful discussion about SP.
MXC is now only trading at 20% post CR some 14 days after CR and reached a low of 6.9c , 6% above CR price. It was also well over subscribed.
If the other posters are correct and the CR price is to be 5.5c , depending on the number of shares placed, I can see the SP trading at sub 6c , even down to the CR price of 5.5c . If the number of shares placed is very large, I can see the SP trading below the CR price for a short term, because of the dilution effect. I also think this is a great entry , or re-entry point as I also believe the SP will steadily gain traction and slowly increase over the following weeks. The COD before TH was 6.8c down some 12% from intraday high , so profit takers were already selling down .
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Last
33.3¢ |
Change
-0.008(2.21%) |
Mkt cap ! $606.3M | |||
| Open | High | Low | Value | Volume |
| 34.0¢ | 34.0¢ | 33.0¢ | $620.9K | 1.863M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 213435 | 33.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.5¢ | 701613 | 11 |
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| Last trade - 12.25pm 08/07/2024 (20 minute delay) ? |
| BOT (ASX) Chart |