Likely explaination for the selling is that the takeover crowd are happy to dump at 5 and buy back at 5.5. While effectively paying the higher 6 cents a share for a very small portion of the company, it ensures that they will have the numbers for the takeover to proceed. This assumes that the 5 cent buyers are all focused on the quick 10 percent, which is probably a safe bet. I imagine that this strategy was part of the contingency when the 5.5 cent price was pitched.
Likely explaination for the selling is that the takeover crowd...
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 (20min delay)
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Last
65.5¢ |
Change
-0.010(1.50%) |
Mkt cap ! $149.0M | |||
| Open | High | Low | Value | Volume |
| 67.0¢ | 67.0¢ | 65.0¢ | $30.12K | 45.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9773 | 65.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.5¢ | 5458 | 2 |
View Market Depth
| Last trade - 13.44pm 31/07/2025 (20 minute delay) ? |
| NDO (ASX) Chart |