re the talk of instos dumping for a quick profit & SP drifting backwards ....
I would like to suggest that a lot of selling since placement would have come from smaller "connected" investors, like a mate of mine, who, as soon as placement was announced, rang his broker who got him 150K of the placement @ .28 - he immediately (he's also a long term holder) put 150K straight back on the market at opening for a quick profit without effecting his LT holding.
I'd suggest there was a fair bit of this happening due to smaller connected investors rather than instos selling, hence the short term slight pull back !!
re the talk of instos dumping for a quick profit & SP drifting...
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Last
39.5¢ |
Change
-0.025(5.95%) |
Mkt cap ! $562.6M | |||
| Open | High | Low | Value | Volume |
| 41.5¢ | 42.5¢ | 39.5¢ | $1.293M | 3.198M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 245115 | 39.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 41012 | 2 |
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| Last trade - 16.10pm 18/06/2024 (20 minute delay) ? |
| IMM (ASX) Chart |