The share price has held up well.
I rather expected some selling ahead of the SPP, as people raised funds at 4.8/4.9 to subscribe at 4.2. But maybe the margin is a bit thin and the likely scale-back significant given the limited size of the SPP ($3M).
Placement stock becomes tradeable on 29th so it will be interesting to see what happens then, and how it is managed in terms of commencement of drilling announcements. Chairman's comments about support from into investors, NCM and IGO new instos, 2 × oversubscribed, and some new instos coming on board, suggests that a fair bit of the placement subscribers are in for the longer term.
Trading not my area of expertise though. I'm just there for the long term, and end-game.
The share price has held up well.I rather expected some selling...
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Last
1.0¢ |
Change
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Mkt cap ! $41.39M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.1¢ | 1.0¢ | $323.5K | 32.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 933783 | 1.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.1¢ | 11355767 | 10 |
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| Last trade - 15.04pm 28/06/2024 (20 minute delay) ? |
| AZY (ASX) Chart |