Not many will put their money in because of the ambiguity.
Likely it was sold down to 15.5c by those who's interpretation was that they'll buy at the 5 day vwap.
if OT was one for one with the options 21.5c would be attractive even with the heads at this price.
Not a well planned raise either way.
Is 21.5 cents the lowest under SPP?, page-34
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Last
18.0¢ |
Change
-0.015(7.69%) |
Mkt cap ! $32.52M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 18.0¢ | $4.623K | 25.25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15232 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 18704 | 4 |
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| CYP (ASX) Chart |