I wouldn’t get too hung up on Euroz clients selling their shares.
Back in late July 2023 Euroz clients contributed $20m for around 60m shares at 33c per share.
The shareprice went up for a fortnight with average turnover around 5m shares per day. Most likely for some the timeframe to cash in profits after the CR. So only 50% of shares issued from the CR may have been sold.
From 1st Aug 2023 we then saw the decline ( rapid to steady) in the shareprice until present time. Anyone who paid 33c or over and held their shares taking actual or book losses.
Those selling shares over the past 8 months have been clients of many brokers and not just Euroz. Millions upon millions of LIN shares have been traded during this period. During this time we witnessed manipulators in action and unsophisticated shareholders dumping their shares and taking big losses. Others holding and complaining of a scam, corruption, poor company management, poor marketing , lies etc etc for Lindian current shareprice.
Strange that few shareholders understood market dynamics, REE market price collapse, scarcity of funds and companies not meeting investment criteria by institutions.
Suggest you check out the LIN chart.
You be the judge.
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $132.5M |
Open | High | Low | Value | Volume |
11.0¢ | 11.5¢ | 11.0¢ | $19.78K | 178.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 585495 | 11.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.5¢ | 113462 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 585495 | 0.110 |
11 | 760246 | 0.105 |
11 | 637311 | 0.100 |
1 | 50000 | 0.098 |
1 | 10988 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.115 | 91416 | 3 |
0.120 | 296218 | 7 |
0.125 | 151374 | 4 |
0.130 | 500000 | 1 |
0.135 | 81982 | 5 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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LIN (ASX) Chart |
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