LLI raised $1,500,000 pursuant to the offer under its Prospectus dated 2 June 2023 and SupplementaryProspectus dated 27 July 2023 by the issue of 5,000,000 shares at an issue price of $0.30 per share.
Volume for sure, this has to be overcome first in my opinion + the people who were waiting. Offset this by cash in the bank and a few people wanting to get in. Could go either way but I see lots of volume before this actually moves up. Plus a lot of those buyers (myself included) are optimistic about the company but wary of paying too much at this early stage just because of FOMO. Seen it happen over and over with positive looking companies running before any tangible news to justify a rise comes out (SLM anyone?). Nothing horrible with the company, but people's expectations can make entering too dangerous sometimes.
Either way for sure an interesting one to watch
LLI raised $1,500,000 pursuant to the offer under its Prospectus...
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11.5¢ |
Change
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Mkt cap ! $10.66M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $8.923K | 78.09K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 38257 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 23457 | 1 |
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| LLI (ASX) Chart |