Does anyone know what the flow through shares actually got sold into he asx at? Normally its a nice 100% tax deduction for the people involved then they sell at a 50% discount to insiders through the chi-x platform, so I suggest the end investor got the shares for around 18c, hence why the SP has been dropping. I haven’t really looked at GT1, but I know MLS raised through a flow through at 4.2c and it was sold to an unknown asx buyer for 2.1c, the SP has since dropped from 3.2 to 2.2. CY5 did a flow through at 26c in November at 26c now 4.8c. It appears another loop hole for the rich has been found, get 100% tax right off, then sell at 50% to a asx investor, means they are 50% up overall. Then the lucky investor just keeps hammering the market with their shares, picking up a decent percentage all the way down, any rally is sold into. The list goes on MZZ gone from 56c to 4c after raise, WR1 from $1.67 raise down to 53c. WR1 raised at $1.67 in Nov 2022, the SP has just started to show signs of recovery. I understand the lithium market has tanked and sentiment has slumped, but i think these flow through raised are a bit of a rip off for retail holders.
- Forums
- ASX - By Stock
- GT1
- GT1 - Megathread
GT1 - Megathread, page-1359
-
- There are more pages in this discussion • 69 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GT1 (ASX) to my watchlist
|
|||||
Last
7.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $24.13M |
Open | High | Low | Value | Volume |
7.5¢ | 7.7¢ | 7.4¢ | $27.95K | 373.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 449354 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.7¢ | 53103 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 449354 | 0.075 |
2 | 147567 | 0.074 |
3 | 75721 | 0.072 |
3 | 117112 | 0.071 |
4 | 307099 | 0.070 |
Price($) | Vol. | No. |
---|---|---|
0.077 | 39692 | 1 |
0.078 | 12796 | 1 |
0.079 | 71428 | 1 |
0.080 | 227500 | 3 |
0.082 | 57963 | 2 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
Featured News
GT1 (ASX) Chart |
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online