The chart is giving signs of this, I have been quiet as CR's apparently anger the masses.
I think before launch is a much better move for both business and shareholders.
Dilution wont be as impactful as people think and then this enables the share price to move without doubt if approval comes.
Nothing worse than getting approval and two days later a CR occurs and kills all momentum.
The price is sitting nice and high and has had an awesome run, my guess would be a CR around 25c and the price wouldn't even hit that level on opening day. A CR would see a small dip and we would be exactly where we are now for approval day (a small blimp in history for the long term holder).
I consider myself an active swing trader and wouldnt sell now in hopes of a few shares at a small amount of pips lower.
Opportunity knocking something something
Jake D
Bot Chart, page-12667
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Last
37.0¢ |
Change
-0.010(2.63%) |
Mkt cap ! $669.7M | |||
| Open | High | Low | Value | Volume |
| 37.0¢ | 37.5¢ | 36.0¢ | $3.051M | 8.277M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 465836 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 37.5¢ | 301865 | 3 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| BOT (ASX) Chart |