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19/12/17
09:11
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Originally posted by Zestfulmocha
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So, very interesting that we are trading at below last SP when we had the acquisition - looks like the timing of the dump and the waiting for the CR shares to hit the street kept this subdued, and it never had time to properly bounce or 'get set' for this announcement.
Not sure if this is good or bad - Certainly the VWAP from the last 2 weeks trading is very healthy so we should not see a lot of resistance until around 3+, to begin with, but even then we could very easily push through that depending on this acquisition.
I'm leaning towards a good thing - A lot less trader may have taken their positions on VEC compared to last time, and with this new project released tomorrow it may well see us re-rate to a fair value based on all of the VEC projects?
What are others views on expected SP action/reaction on the tail end of the last few weeks trading? I haven't seen two acquisitions and a CR in such quick succession before so I naturally expect high volatility, but did not anticipate we would be sitting on the floor at a LOWER price than the first acquisition at the time the second one drops.
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I think it's also quite a positive to see that since the issue of the 180m shares was on 13th December, and since then only 50m was traded on ASX/CHI, so even if they were 100% capital raising shares traded that's not a lot of dumping in which we usually see after a large issue like that.