From memory it was oversubscribed at more than 2:1.
And all applications accepted.
Generally Archer has had a strong history of support from long term holders. If the top 200 holders all apply for $30k this one will also be oversubscribed.
I doubt those with plenty of skin in the game will choose to not support their existing investment by making another cash contribution directly to the company.
I suspect the recent negative sentiment expressed here may be mostly from those that joined the register recently at higher prices. It’s unfortunate they have paid more than current prices, but if they choose not to support the company I don’t think it will have much impact on the CR’s success.
AXE chart, page-196
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Last
22.5¢ |
Change
0.035(18.4%) |
Mkt cap ! $57.34M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 22.5¢ | 19.5¢ | $257.6K | 1.237M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3000 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 136558 | 6 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| AXE (ASX) Chart |