The seller could very likely be someone in line to recieve shares from the note conversion. Sell now and replace them with the discounted ones. The important fact is soneone is finally willing to buy. The 4-5 million the other day must have been an agreement between two parties to sell on market, the 4 odd million got put on offer for a short while then taken up by the buyer. Furst time there has been an offer of 4 million shares at a single price for quite some time. Maybe they have finally convinced an interested insto to buy on market. To get them buying they would surely have to reveal something good coming up as from a distabce it just looks like a turd. Seems like a definite change of sentiment but with the notes coming it could be nisleading?
big hit.., page-18
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Last
10.5¢ |
Change
0.005(5.00%) |
Mkt cap ! $489.9M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.8¢ | 10.3¢ | $421.2K | 4.009M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 872943 | 10.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 10.5¢ | 341133 | 4 |
View Market Depth
| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| PYC (ASX) Chart |