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84.5¢ nickel industries limited

Relax, the whole market is down today.

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chrisman

998 Posts.

191

27/02/23

13:57

Post #: 66486973
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Originally posted by hudathunkit ↑

From what I can see, the market price did not dip below the placement offer price ($1.02) until after the SPP closed (today).

I've been involved in a number of CRs (mining, banking & industrials) in the past, and it seems weirdly common for the market price to drop to, or close to the SPP issue price during the course of the application period; however, whilst I'm sure it has happened before, I can't recall a SPP where the market price has stayed above the issue price throughout the offer period, and then dropped significantly below soon after the offer closing date.

It's hard to see what's funny about it - I assume your last sentence meant to say "always pay on the last day" - that plan would not have garnered any advantage here, and you couldn't be critical of loyal holders buying in at any time during the offer period.

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Relax, the whole market is down today.

NIC Price at posting: 95.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 84.5¢		Change 0.000(0.00%)		Mkt cap ! $3.621B

Open	High	Low	Value	Volume
84.5¢	85.5¢	83.5¢	$4.354M	5.147M

Buyers (Bids)

No.	Vol.	Price($)
5	87673	84.5¢

Sellers (Offers)

Price($)	Vol.	No.
85.0¢	78519	2

View Market Depth

No.	Vol.	Price($)
3	43651	0.845
6	284063	0.840
5	70906	0.835
11	120041	0.830
5	22872	0.825

Price($)	Vol.	No.
0.850	70000	1
0.855	174843	9
0.860	141944	9
0.865	93666	5
0.870	78606	4

Last trade - 16.10pm 19/06/2024 (20 minute delay)

NIC (ASX) Chart

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