I see following unfolding next week
LIN trading in limited range 34-37c Mon-Wed
when new 100mil units of stock is allocated Thurs I see downward pressure 33-35c for up to a week, give or take
MRE + results of deep holes will likely come out within days/week of new stock allocations which will help price but don't see any signifciant breakout Unfort, will take 5-10 days for new stock to wash thru
the day after the trading halt re cap raise, the stock traded down to 34.5c with >20mil shares traded... volume has since dried up to about 5mil/day. given there is 100mil new stock hitting the market thurs, I see a bigger volume days (>25mil) Thurs/fri coming. Given 50% went to euroz retail, I see many selling for a 2.5-5% stag dragging price down to the issue price of 33c
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $155.6M |
Open | High | Low | Value | Volume |
13.5¢ | 14.0¢ | 13.5¢ | $444.3K | 3.225M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 436940 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 98866 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 436940 | 0.135 |
12 | 492892 | 0.130 |
9 | 1573211 | 0.125 |
11 | 500708 | 0.120 |
7 | 485965 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 98866 | 3 |
0.145 | 427321 | 3 |
0.150 | 373586 | 6 |
0.155 | 100437 | 7 |
0.160 | 255913 | 4 |
Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
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LIN (ASX) Chart |