GEV did its last raising at 17c.
Settlement was due when the stock was trading at 40c and virtually none of the paper came out even though placees were sitting on a profit of 135%.
Do you think that a placement at 40c is going to be given to flippers?
Personally, I doubt it.
Fosters is too good a shop with too much of a vested interest in placing GEV to weak hands.
I'm sure that every placee has been vetted to see whether they are deserving of being given stock.
And even more so, don't be surprised if placees are given stock on condition that they buy stock on market upon relisting.
GEV is a rare beast in that it doesn't retrace to placement prices.
It didn't do so at 14c, nor 17c and I doubt it'll do so at 40c..
This placement is straight out of the MB play book and I suspect the next steps are just as transparent.
To quote Superman, "Up, up and away!"
GEV did its last raising at 17c. Settlement was due when the...
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Last
4.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.50M | |||
| Open | High | Low | Value | Volume |
| 4.7¢ | 4.8¢ | 4.6¢ | $40.62K | 877.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 56714 | 4.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.8¢ | 5000 | 1 |
View Market Depth
| Last trade - 14.22pm 19/04/2024 (20 minute delay) ? |
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Last
4.6¢ |
Change
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| Open | High | Low | Volume | ||
| 4.6¢ | 4.6¢ | 4.6¢ | 12129 | ||
| Last updated 12.50pm 19/04/2024 ? | |||||
| PV1 (ASX) Chart |