I think a placement is the most likely reason for the halt. UEQ just announced a placement of 46 million shares for 50 cents to raise a whooping 23 million.
In my view, what we're seeing is a serious race amongst the junior u exploreres to bring home the bacon as soon as possible. There's only a finite amount out there and there will undoubtedly have to be a consolidation of companies down the track. Those who get in first will have a huge advantage.
That's my view anyway.
Best,
Det
placement, page-10
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Last
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $50.79M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 12.0¢ | 11.0¢ | $38.81K | 335.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20589 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 72664 | 2 |
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| Last trade - 15.59pm 12/11/2024 (20 minute delay) ? |
| DEV (ASX) Chart |