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There are still options available I don't disagree with...

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the technician

9,591 Posts.

2220

20/08/24

15:07

Post #: 75287814
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Originally posted by 1sharetrader1: ↑

The URA ETF sold again yesterday, this is why the share price always never goes up on good announcements.

Down from 62,017,880 to 61,681,100

Outstanding shares also dropped again leaving the fund with little to no cash.

This ETF is a huge problem for this company, because any individual holding URA ETF units can sell causing the ETF to sell ASN shares, weakening the share price at crucial points in time when capital may need to be raised.

I will personally never invest in any small cap company that can be controlled by a ETF again, the volume is to low here, so that gives them the power to destroy share holder wealth and a companies ability to raise funds at a decent level.

Good luck everyone, we are going to need it.

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There are still options available I don't disagree with what you've said although it's still unknown what their intentions are IMO .

Regards TT

ASN Price at posting: 9.6¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 7.8¢		Change 0.001(1.30%)		Mkt cap ! $100.7M

Open	High	Low	Value	Volume
7.7¢	7.9¢	7.7¢	$223.5K	2.863M

Buyers (Bids)

No.	Vol.	Price($)
3	51589	7.7¢

Sellers (Offers)

Price($)	Vol.	No.
7.8¢	7737	1

View Market Depth

No.	Vol.	Price($)
2	38602	0.077
4	215019	0.076
7	529583	0.075
5	224026	0.074
7	497986	0.073

Price($)	Vol.	No.
0.078	7737	1
0.079	856766	5
0.080	872434	7
0.081	976780	5
0.082	300000	1

Last trade - 16.10pm 27/09/2024 (20 minute delay)

ASN (ASX) Chart