Something just doesn't smell right here.
Volume is dissipating, but failure to rally significantly on any institutional buying despite a strong day on the market seems to indicate there is something they are not telling the retail side of the market.
I am starting to suspect they have rung around to see if the banks/major S/H will support a cap raising but are keeping the retail market in the dark until the price has been negotiated.
But ASIC has asked that non-disclosure agreements are signed and adhered to in such a case, so surely this cannot be?
If my suspicions are right, it will be a double whammy for the retail side, as they will likely do an accelerated placement to instos who will likely initiate a 2nd round of quick profit dumping.
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Last
$5.50 |
Change
-0.030(0.54%) |
Mkt cap ! $3.693B |
Open | High | Low | Value | Volume |
$5.54 | $5.56 | $5.48 | $25.29M | 4.578M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 14810 | $5.48 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$5.53 | 5208 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 14810 | 5.480 |
1 | 15044 | 5.470 |
1 | 15044 | 5.460 |
1 | 15044 | 5.450 |
1 | 15044 | 5.440 |
Price($) | Vol. | No. |
---|---|---|
5.530 | 5208 | 3 |
5.550 | 15044 | 1 |
5.560 | 25807 | 2 |
5.570 | 16544 | 3 |
5.580 | 19144 | 3 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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