Hi P
Retracing to SPP/CR/Rights strike price is not a 'law of the market'.
Usually happens, but when the fundamentals and news flow align you get the occasional rare shares like PLS, NZC, AME which have recently held above the strike price. Just some I have noticed and/or held with a smile. There are likely to be more examples.
Some downward movement for the latter two but not to much. Longer term the market has forgotten/discounted/whatever the CR and other factors kick in.
CZN IMO may have the rare combination to stay above. I hope so - as you say less than a month or so to find out.
GLTAH
CZN share price, page-361
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Last
0.5¢ |
Change
-0.001(16.7%) |
Mkt cap ! $3.339M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $14.33K | 2.866M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 4357825 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1306233 | 1 |
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| Last trade - 11.00am 30/08/2024 (20 minute delay) ? |
| CZN (ASX) Chart |