LIN 0.00% 13.5¢ lindian resources limited

Billion Dollar Club, page-96

  1. 510 Posts.
    lightbulb Created with Sketch. 130
    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
    Last edited by 392649: 15/07/23
 
watchlist Created with Sketch. Add LIN (ASX) to my watchlist
(20min delay)
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
Last trade - 16.10pm 04/07/2024 (20 minute delay) ?
LIN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.