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
My take that buying has stalled and the SP is retreating daily...
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Last
27.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $64.82M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.0¢ | 27.5¢ | $27.85K | 99.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28958 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 16.10pm 04/07/2024 (20 minute delay) ? |
| CZR (ASX) Chart |