So how is this going to work...
At current prices of 4-4.1c, people participating in the full placement of $15K at 3.2c will be in profit of ~$4K.
I think there will be quite a sell off to 3.2c once shares are placed if the SP remains at current levels.
So who the hell is buying shares at these prices? I suspect the SP would fall close to the issue price prior to placement.
Thoughts?
placement
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Last
19.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.24M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.3¢ | $18.80K | 101.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 58040 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 189930 | 1 |
View Market Depth
| Last trade - 15.30pm 29/07/2024 (20 minute delay) ? |
| CSS (ASX) Chart |