My take that buying has stalled and the SP is retreating daily because the most bullish are sated.
The entity making the offer is a No Name so we all want a considerable margin for the risk. The situation would be different if RIO or Twiggy or some such were making the offer- the margin would be a lot less.
If the SP continues to fall then the margin could become attractive to some punters again.
Something like that.
IMHO DYOR
CZR - A$X Charts, page-4
Add CZR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
25.0¢ |
Change
-0.005(1.96%) |
Mkt cap ! $59.11M | |||
| Open | High | Low | Value | Volume |
| 25.0¢ | 25.0¢ | 25.0¢ | $499 | 1.994K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.5¢ | 4516 | 2 |
View Market Depth
| Last trade - 14.36pm 26/09/2024 (20 minute delay) ? |
| CZR (ASX) Chart |