my view is that this is an insider get set. the dip and rip are usually counterintuitive
ie the apparent raise price is below their natural 'willing to buy' price and they soak panicking/ worn out capitulation into the price point
wouldnt be surprised to see a bounce higher shortly - which then incentivises rights participation while not giving any particular outsider enough volume to want to sell large volumes
just one person's opinion. perhaps im wrong
the oppies to the financier look ott given the discount. that appears to be a zero effort at minmising dilution job to me
Ann: WWI Launches Underwritten Rights Issue & Completes Placement, page-81
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Last
1.7¢ |
Change
0.002(13.3%) |
Mkt cap ! $43.20M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.7¢ | 1.5¢ | $45.00K | 2.823M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 250000 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 1561158 | 9 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| WWI (ASX) Chart |