I"m long. Not trading.
Do I buy on market or just via the SPP. For the SPP I get shares at 3.7c and options to buy more at 4.6c and 6c (if I take up the 4.6c options).
In the past 3 months, both options have been in the money. The 4.6c options will be tradable.
Long investors will probably go for the SPP and possibly trading sophs will sell down just to keep the options. They are currently priced at 0.005c.
Charting techniques may have difficultly providing useful information on where to next for the SP. Gut feel is selling is to pay for SPP and/or taking capital out to ride on the options. Given the number of retail investors, perhaps there is a bit of panic for those who do not understand what is happening.
The company outlook is very bright, so we know where we hope the chart will be pointing to over time.
I"m long. Not trading.Do I buy on market or just via the SPP....
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 (20min delay)
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Last
4.1¢ |
Change
0.004(10.8%) |
Mkt cap ! $74.91M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 4.1¢ | 3.7¢ | $80.37K | 2.062M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20661 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.1¢ | 428822 | 5 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
4.0¢ |
Change
0.004 ( 8.11 %) |
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| Open | High | Low | Volume | ||
| 3.7¢ | 4.1¢ | 3.7¢ | 1401767 | ||
| Last updated 15.55pm 15/05/2024 ? | |||||
| BLG (ASX) Chart |