I think any retail component of a CR (let alone instos) won't be fully subscribed (however shorts may participate to close out positions), but LKE will limp on for a while longer like a lame dog.
I suspect the greatest costs over the next couple of years are wages and admin. This CR - and likely the next - will continue to just keep the lights on and execs paid.
Capitulation is still a way off, but it is within sight.
Ann: Trading Halt, page-160
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Last
3.7¢ |
Change
0.001(2.78%) |
Mkt cap ! $61.73M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.6¢ | $22.17K | 605.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 1949582 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 205251 | 5 |
View Market Depth
| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| LKE (ASX) Chart |