ASK appears to be in extremely troubled waters hereWe see a DEATH STAR type candle here.
Friday last week saw a major exiting of the stock. Almost $96M was dumped!
I took the entire weekend researching this and have been quite appalled....
Reason being I have seen 100 IPO's since 2017, and I don't recall ANY that had ZERO shares under escrow.
The entire 1B+ shares, the majority is owned by institutions and banks.
Seeing as though cheap shares were issued at around the 47c level according to the Prospectus, with an IPO pricing of $1.43 it's done nothing but continually sell down.
I think someone has just lost the status of Substantial Holder and seized to be on the board. In due time I believe we will see an announcement highlighting this.
Below are my thoughts attached on the chart being daily and hourly. GLTAHz. I suspect a new 52wk low coming, a test of $1...May continue to slide down to 47c as per IPO Papers. DYOR as I have and formulate a plan accordingly.
SENTIMENT = SELLLLLLL
POSITION = HELD
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Last
$1.54 |
Change
-0.025(1.60%) |
Mkt cap ! $2.023B | |||
| Open | High | Low | Value | Volume |
| $1.56 | $1.57 | $1.54 | $793.6K | 513.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 15801 | $1.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.56 | 5946 | 1 |
View Market Depth
| Last trade - 16.10pm 13/06/2025 (20 minute delay) ? |
| ASK (ASX) Chart |