any bid like that is opportune for the sellers who capitulate instead of stay with the course.of the very incentivised management (and now CR agents) who have options at well above current share price.
Any selling down to the CR price is interesting, I wouldn't be doing that to assume that you'll simply buy back at the $500,000 SPP, because think about it, 17 individuals applying for the maximum of $30K in the SPP is far less admin for the ocmpany than 250 individuals at the minimun $2,000 allotment.
when you can buy pretty much any parcel you may wish to at 3.9cents (11% premium to the SPP ) and be guaranteed of getting it from those sellers who are panic selling, it is going to look like a good decision when the share price is 6.0 cents
Ann: Trading Halt, page-31
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Last
16.0¢ |
Change
0.015(10.3%) |
Mkt cap ! $47.40M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 16.0¢ | 14.0¢ | $12.92K | 84.33K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27500 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 10250 | 2 |
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| Last trade - 14.13pm 16/08/2024 (20 minute delay) ? |
| OJC (ASX) Chart |