It looks like it could be a 20% discount to the 10 day VWAP so not unusual at all.
The good news is it’ll fix the chart and prepare things for the next run. Has made for excellent trading.
It will certainly result in short term weakness but IMO the sweetener for CR participants will be the flow test results in a few weeks. It should rocket from there is successful. If not, at least they’re cashed up.
From LSE on proposed raising, page-25
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Last
0.3¢ |
Change
0.001(50.0%) |
Mkt cap ! $86.80M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $20.91K | 10.32M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 219 | 225253180 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 558284405 | 192 |
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| Last trade - 16.10pm 12/08/2024 (20 minute delay) ? |
| 88E (ASX) Chart |