I know the cash runway extends until halfway through next year, but the pattern you describe makes me think somebody is intent on holding VWAP down ahead of an imminent placement or raise. Which makes me all the more suspicious about the purpose of Marc’s recent trip downunder (assuming by now he’s gone again). It flys in the face of his overt indications to market that no additional capital is presently required, but still... it will be at some point.
Overnight Market report, page-1601
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Last
35.5¢ |
Change
0.060(20.3%) |
Mkt cap ! $515.6M | |||
| Open | High | Low | Value | Volume |
| 36.0¢ | 37.5¢ | 33.5¢ | $6.427M | 18.03M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 133736 | 5 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| IMM (ASX) Chart |