GT1 - Megathread, page-1360

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Giovanni33

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17/03/24

14:23

Post #: 72927785
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Originally posted by Bhan: ↑

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.

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Flow through is bad for short term traders and good for long term holders who want less dilution, as far as I understand them.

GT1 Price at posting: 16.0¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 9.1¢		Change 0.003(3.41%)		Mkt cap ! $31.04M

Open	High	Low	Value	Volume
9.1¢	9.1¢	9.1¢	$3.549K	39K

Buyers (Bids)

No.	Vol.	Price($)
1	35672	8.8¢

Sellers (Offers)

Price($)	Vol.	No.
9.2¢	24850	1

View Market Depth

No.	Vol.	Price($)
1	35672	0.088
2	29746	0.087
3	31750	0.085
1	11800	0.084
1	474	0.081

Price($)	Vol.	No.
0.092	24850	1
0.095	6200	1
0.098	30357	1
0.099	197621	1
0.100	196021	1

Last trade - 10.19am 23/09/2024 (20 minute delay)

GT1 (ASX) Chart

GT1 - Megathread, page-1360

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South32 snaffles US$166M grant from US govt to develop manganese operation in Arizona

92 metre sulphide zone extends Hazelbrook Zone for Golden Deeps

Buyers (Bids)

Sellers (Offers)