The book build for insto's was done at 44 so clearly they're prepared to buy at least up to that point.
Even if they drove the SP down to 40c to force retail holders to forgo their rights they still have to bid for any that are renounced. So there's a point at which buyers will chip away at these levels knowing full well they wont get all that they want, unless the manipulators can force the SP down to 35c... at which pint we really will get a Takeover.
I wonder whether the Co. plans to drop some news in the next week or so to get retail holders to take up their rights???
how long till back at 47 50 range?, page-2
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Last
24.0¢ |
Change
0.015(6.67%) |
Mkt cap ! $70.00M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 24.5¢ | 22.5¢ | $15.37K | 65.99K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36776 | 24.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.0¢ | 3501 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NXS (ASX) Chart |