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 - Megathread
Does anyone know what the flow through shares actually got sold...
- There are more pages in this discussion • 31 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
(20min delay)
|
|||||
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $37.00M |
Open | High | Low | Value | Volume |
11.5¢ | 11.5¢ | 11.0¢ | $15.61K | 136.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 200221 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 10340 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 200221 | 0.110 |
5 | 190046 | 0.105 |
14 | 495669 | 0.100 |
1 | 111111 | 0.091 |
2 | 55600 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 10340 | 1 |
0.120 | 129131 | 3 |
0.125 | 176429 | 5 |
0.130 | 5349 | 2 |
0.145 | 101428 | 2 |
Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
|
|||||
Last
11.0¢ |
  |
Change
0.000 ( 4.35 %) |
|||
Open | High | Low | Volume | ||
11.0¢ | 11.5¢ | 11.0¢ | 47325 | ||
Last updated 15.59pm 26/04/2024 ? |
Featured News
GT1 (ASX) Chart |