It won't fall below 80cents. It looks like a downward trend since early May, but I think it will bounce up a little.
$28m fully subscribed, but BUB wants another $10m, going up to $38m. Up to $30,000 for each eligible holder in the SPP. 30,000 dollars per holder seems higher to me, when I participated in WEB SPP, I maxed out at around 20,000 dollars worth of shares (that's all I could get).
Commbank shows almost twice as many shares on offer than on bid - that would not worry me either. I have seen shares going up in that scenario.
I think it all boils down to whether you buy the story, and this story will unfold over the next 3 quarters. So, sharpen your pencils for the 4c reports.
The fact that openly discuss an exit point, reveals a degree of scepticism. I think you are not alone, given that many shares on offer. I think this share is much more driven by fundamentals that chart. So, I guess, there will a positive announcement on some distributor agreement or new product line in the next 6 weeks; that will bounce of 6 to 10 points, and you have your exit point (if you are still sceptic). These announcements in the past have had that impact.
My 5 cents worth.
GLTAH
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17.5¢

It won't fall below 80cents. It looks like a downward trend...
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Last
17.5¢ |
Change
0.005(2.94%) |
Mkt cap ! $156.2M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 17.0¢ | $540.3K | 3.051M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 1833912 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 150653 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 60000 | 0.175 |
30 | 1951559 | 0.170 |
16 | 939522 | 0.165 |
16 | 247912 | 0.160 |
5 | 223758 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.170 | 3175 | 1 |
0.175 | 70670 | 8 |
0.180 | 1036183 | 19 |
0.185 | 992583 | 16 |
0.190 | 693302 | 14 |
Last trade - 16.10pm 28/07/2025 (20 minute delay) ? |
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BUB (ASX) Chart |