why is everyone thinking it's going to drop? buyers have been building consistently all day and the indicative open price has been constantly increasing as well.
clearly the capital raise is for good use such as Asia expansion, already positive that it was subscribed to super quickly and now buyers are reacting well to the news.
I see a 0.77-0.8 at least on open when trading resumes and I wouldn't say $1 is out of the question at all either.
you guys are all genuinely stupid if you automatically think cap raise = dilution = share price fall.
this has a long way to go and that indicative price is already a nice early indicator of a positive reaction
glllll
why is everyone thinking it's going to drop? buyers have...
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Last
0.6¢ |
Change
-0.001(14.3%) |
Mkt cap ! $7.440M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $110.1K | 18.35M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 221999 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 4427311 | 11 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| OVT (ASX) Chart |