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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I do wonder at the motives of a poster who decides to post a...
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Last
0.4¢ |
Change
-0.001(20.0%) |
Mkt cap ! $9.396M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.4¢ | $18.4K | 4.395M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 2724908 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 1130000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 2724908 | 0.004 |
13 | 7357003 | 0.003 |
7 | 4675000 | 0.002 |
7 | 10749950 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1130000 | 2 |
0.006 | 9011419 | 13 |
0.007 | 6580665 | 10 |
0.008 | 4710000 | 6 |
0.009 | 351000 | 1 |
Last trade - 15.40pm 03/07/2024 (20 minute delay) ? |
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