Hi @hoots ,
Since this time last year till now, we have added approximately 30% to 33% additional shares to the share registry (from around 1.2 billions to around 1.6 billions)
For most of last year, we had a major 60c resistance line and if 33% dilution is applied, that would bring that resistance line back to 0.6 * 0.67 = 0.402 dollar.
In my opinion, this is why have have strong resistance at around 40c mark now.
Does charting take into account of dilution and market cap ?
regards,
DoN
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Last
$1.64 |
Change
0.090(5.81%) |
Mkt cap ! $5.092B | |||
| Open | High | Low | Value | Volume |
| $1.53 | $1.65 | $1.49 | $41.88M | 26.88M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 83837 | $1.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 174200 | 18 |
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| Last trade - 12.06pm 14/07/2025 (20 minute delay) ? |
| PLS (ASX) Chart |