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
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $29.74M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $8.25K | 750.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1486313 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 2153249 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1486313 | 0.011 |
6 | 5634004 | 0.010 |
7 | 5859333 | 0.009 |
6 | 3404999 | 0.008 |
2 | 2400000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 2153249 | 5 |
0.013 | 1760857 | 6 |
0.014 | 2425000 | 4 |
0.015 | 1623812 | 5 |
0.016 | 8119577 | 9 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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