Flow through is bad for short term traders and good for long...

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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 5.8¢		Change -0.004(6.45%)		Mkt cap ! $18.66M

Open	High	Low	Value	Volume
6.1¢	6.2¢	5.8¢	$23.22K	385.8K

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No.	Vol.	Price($)
1	35311	5.8¢

Sellers (Offers)

Price($)	Vol.	No.
6.0¢	200801	2

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No.	Vol.	Price($)
1	35311	0.058
1	9000	0.057
1	10000	0.054
1	5000	0.053
1	100000	0.052

Price($)	Vol.	No.
0.060	200801	2
0.063	1906	1
0.066	7575	1
0.069	100000	1
0.070	50000	1

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