This is what happens when the only people who want to buy into the raise are those with open short positions looking to cover. Same thing happened with LTR. And it’s only A$30M / US$20M… At 30/6 they had US$55.2M and by 31/10 this was down to US$20.5M.
This thing looks cooked. I suspect shorts cover into the raise and then re-open positions to ride it down again.
Ann: Trading update and fully underwritten A$30m equity raising, page-4
-
- There are more pages in this discussion • 76 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add APX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
75.0¢ |
Change
0.080(11.9%) |
Mkt cap ! $167.2M | |||
| Open | High | Low | Value | Volume |
| 69.5¢ | 86.5¢ | 67.0¢ | $30.47M | 39.92M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 85404 | 74.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 75.5¢ | 620 | 1 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| APX (ASX) Chart |