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
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Last
28.5¢ |
Change
-0.015(5.00%) |
Mkt cap ! $67.18M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 26.5¢ | $5.577K | 20.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5221 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 4962 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CZR (ASX) Chart |