The fall is not a negative it’s just how things go. As you point...

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42trader

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12/09/18

09:24

Post #: 35538794
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Originally posted by Fabzonomist ↑

Just for some context, near on 1/5th of the now issued shares were purchased by Sophisticated Investors at 16.5c at the start of July. I don't think these people wouldn't invest this close to a financing announcement that would see that equity investment fall. The SPP saw 40m shares purchased by the likes of us at 16.5c.
Over the last 3 weeks we've seen 8mn shares rolled over (1/70th of the register) at below this amount, which while affecting everyone's position, is being influenced by a pretty small amount of share movements.

I'm still supportive of the SPP, as I'd prefer me purchasing shares to contribute equity to the project than to have to raise the money at a lower price and further dilute my holding. I appreciate if everyone contribute's it's zero sum, and there's also a free-rider problem at play, but for me investing is about applying capital to the business need and seeking the EV growth and dividends. The secondary market we're in is important in determining the current estimate of EV, but it doesn't actually help the underling companies operations.

Apologies to jgroenheide for my part in him naysaying the fall. I guess it comes from being surprised at what the uncertainty will do to some holders (which at this stage seems like a relatively small number). For the life of me I can't imagine it's sophisticated investors, and it does seem like there's a wall to stop the share price going on a ride before we get the financing information, so guess will see who will hold on and how far it dips.

FWIW, i'll now take your advice jgroenheide on and wait to see how low it takes before some buying support and seller reduction appears before upping my stake again.

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The fall is not a negative it’s just how things go. As you point out drift is on low volume which is very typical but still gets some restless.

ATC IMO is very low risk but that does not exempt it from the whims of holders, planned exits, required exits, or games to get more shares at a cheaper price or simple impatience. Just because Soph’s bought in means little if their plans are for short term gain. Not everyone will hold for the time required to see dividends.

Hold tight.

ATC Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.2¢		Change 0.001(1.96%)		Mkt cap ! $88.95M

Open	High	Low	Value	Volume
5.1¢	5.2¢	5.1¢	$32.93K	642.2K

Buyers (Bids)

No.	Vol.	Price($)
18	1242969	5.1¢

Sellers (Offers)

Price($)	Vol.	No.
5.2¢	1509471	8

View Market Depth

No.	Vol.	Price($)
18	1242969	0.051
34	1673661	0.050
6	430001	0.049
4	70417	0.048
4	61001	0.047

Price($)	Vol.	No.
0.052	1509471	8
0.053	46310	3
0.054	17268	1
0.055	101181	2
0.056	39000	1

Last trade - 16.10pm 25/06/2024 (20 minute delay)

ATC (ASX) Chart

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The fall is not a negative it’s just how things go. As you point...

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