I willing to bet that SBM is being illegally shorted by a hedgefund.
Now that SBM is clearly going to get its $120M raising done ($60M already in the bank) and the gold price has risen significantly, there is just one reason left to explain the constant downward pressure. Someone wants this stock to stay under 40 to keep the mug shareholder from taking up their entitlements and then have the stock left over go into the book build for the instos.
I'd love to know which funds or even gold mining major is acting as a subie in this raising.
Once the book build is done, this stock will bounce big time.
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $171.7M |
Open | High | Low | Value | Volume |
20.5¢ | 21.5¢ | 20.0¢ | $1.033M | 4.950M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 65150 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 926460 | 17 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 65150 | 0.210 |
3 | 64945 | 0.205 |
20 | 1337826 | 0.200 |
21 | 1360866 | 0.195 |
38 | 1110909 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 655813 | 11 |
0.220 | 735996 | 10 |
0.225 | 319628 | 5 |
0.230 | 255610 | 10 |
0.235 | 703959 | 7 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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SBM (ASX) Chart |