If I held a position I could have take an allocation now with Cannacord and then sell my position on open whilst getting the same amount of stock back at the raise price upon issue in a week time.
Easy arbitrage for 20%.
Which is why this will drift to issue price after trading commenced.
10x
Ann: Trading Halt, page-78
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $116.6M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.5¢ | 15.5¢ | $666.3K | 4.231M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 644360 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 104536 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| GLN (ASX) Chart |