I think you will find the SP will be kept just under the 6c, around 5.7 to 5.9c till the raise closes..
The underwriter will then get a good amount of the shortfall plus all the other Instos will have a huge number of shares at 6c
Then the price will go up magically...
Maybe I am too cynical?
I think you will find the SP will be kept just under the 6c,...
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Last
1.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $40.53M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $142.0K | 9.158M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 4291687 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 4481431 | 6 |
View Market Depth
| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
1.5¢ |
Change
0.000 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 1.6¢ | 1.6¢ | 1.5¢ | 6898348 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| JRV (ASX) Chart |