If a large holder with say $50m stood to lose $5m due to dilution, they could invest that $5 to push up the average price over the next few days.
This could do 2 things, increase their holding at bargain price, and reduce dilution of their existing holdings. Win win.
is the pressure cooker about to explode?, page-2
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Last
$6.77 |
Change
0.030(0.45%) |
Mkt cap ! $6.328B | |||
| Open | High | Low | Value | Volume |
| $6.76 | $6.81 | $6.72 | $9.575M | 1.413M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 35910 | $7.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.10 | 161 | 1 |
View Market Depth
| Last trade - 15.59pm 06/09/2024 (20 minute delay) ? |
| LYC (ASX) Chart |