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Jack0424

86 Posts.

28

06/03/22

17:13

Post #: 60015544
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Originally posted by jumpstart: ↑

This means if the SP is below 16c they cannot convert their equity.

I disagree.
The minimum price available to their equity is 16c ....

BUT if the share price is 1c you are telling me that they would sit on their hands, sigh, drop their shoulders and wait for the price to get back to 16 cents?
The US investor won't put effort into pushing lower, but certainly has helped someone else who does.

If someone else does and if US investor appetite is there, they could buy and push back. I suspect though, they may have enough FGR exposure, do one job at a time and convert at lowest VAAP they can. Meanwhile maintaining a 16c cap, while someone else pillages under the cap.

If someone has 8.9c in their sights then it made US investors task easy.

We will see soon enough.

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FGR Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 5.6¢		Change -0.005(8.20%)		Mkt cap ! $36.91M

Open	High	Low	Value	Volume
6.1¢	6.1¢	5.6¢	$8.955K	153.2K

Buyers (Bids)

No.	Vol.	Price($)
2	84999	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.9¢	78451	1

View Market Depth

No.	Vol.	Price($)
2	84999	0.056
4	54000	0.055
1	123000	0.054
2	100300	0.053
3	82000	0.052

Price($)	Vol.	No.
0.059	78451	1
0.061	136171	2
0.062	157512	2
0.063	4080	1
0.064	323041	2

Last trade - 16.10pm 03/05/2024 (20 minute delay)


Last 5.9¢			Change -0.005 ( 0.00 %)
Open	High		Low	Volume
6.0¢	6.0¢		5.7¢	93280
Last updated 15.53pm 03/05/2024 ?

FGR (ASX) Chart