I do wonder at the motives of a poster who decides to post a downramp, without any analysis, a couple of minutes before market opens.
In most cases I take the approach of 'follow the money'. There are no shorts on MAK at the moment, so there are a couple of reasons someone might want the price lower
- Minemakers are competing for finance with Legend
- A buyer wants a cheap price and knows that some option holders can potentially handle a 31c s/p to profit on exercise.
The value of outstanding options exercisable is worth maximum A$3.6M to the co, which is considerable but not make or break as they are well financed for immediate operations.
Note the behaviour of Incitec, slightly lower than the $2.50 on a rights issue that is key to their survival. MAK is in a far better financial position than this.
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Last
0.6¢ |
Change
0.001(20.0%) |
Mkt cap ! $14.09M |
Open | High | Low | Value | Volume |
0.5¢ | 0.6¢ | 0.5¢ | $18.72K | 3.744M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 224231 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 10091524 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 224231 | 0.005 |
15 | 15886980 | 0.004 |
11 | 6740003 | 0.003 |
4 | 3175000 | 0.002 |
7 | 10749950 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 10091524 | 13 |
0.007 | 3887938 | 6 |
0.008 | 4852760 | 7 |
0.009 | 351000 | 1 |
0.010 | 1151252 | 3 |
Last trade - 16.10pm 15/07/2024 (20 minute delay) ? |
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