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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I see following unfolding next weekLIN trading in limited range...
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Last
11.5¢ |
Change
0.005(4.55%) |
Mkt cap ! $132.5M |
Open | High | Low | Value | Volume |
11.3¢ | 11.5¢ | 11.0¢ | $15.59K | 138.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 437433 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 134622 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 437433 | 0.110 |
13 | 764189 | 0.105 |
13 | 631750 | 0.100 |
1 | 40404 | 0.099 |
1 | 1 | 0.098 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 134622 | 3 |
0.120 | 99392 | 5 |
0.125 | 59500 | 2 |
0.130 | 102294 | 4 |
0.135 | 44983 | 1 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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LIN (ASX) Chart |