I reckon the CR was done due to excited brokers knocking the doors straight away after presso like iknowyysh said. We are in the early discovery mode so it is likely this will be oversubscribed by many investors who would like to have a position in TG6 but let’s wait and see.
Once the amount of CR is revealed, we will know whether management is confident of the discovery or not. If it is at lower price and less shares to avoid big dilution, then that means they are confident that this is big and that could fuel the fire. Remember VMM and WA1 did exactly this and look where they are now.
GLTA!
I reckon the CR was done due to excited brokers knocking the...
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Last
29.0¢ |
Change
0.020(7.41%) |
Mkt cap ! $15.68M | |||
| Open | High | Low | Value | Volume |
| 27.0¢ | 29.0¢ | 27.0¢ | $43.03K | 152.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9716 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 46400 | 1 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
29.0¢ |
Change
0.020 ( 3.57 %) |
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| Open | High | Low | Volume | ||
| 28.0¢ | 29.0¢ | 28.0¢ | 52977 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| TG6 (ASX) Chart |