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Just daydreaming some hopeful musings there kenny?

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BarelyWrong

1,551 Posts.

155

12/12/23

19:42

Post #: 71412365
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Originally posted by Exmouth1987: ↑

Lol good luck buying 400m shares on market when there are only 60m up for grabs currently.

I wouldn't complain if they did, would be pretty amusing to see the reaction when the SP went from 1.2c to 15c in one foul swoop! But yeah not going to happen.

And given the very low volume of sellers as we get closer to Capricorn buy in, big Hospo group announcement and who knows what else, chances of any decent number of shares appearing or being dumped on market to allow capricorn to fill 400m under 1.75c are zero.

If capricorn wants more than 400m i would expect they would buy up just prior too taking up the offer and then potentially take some big chomps after absorbing any profit takers. That would maximise their yeild and also wipe out all the bottom feeder traders playing for pips... if they dont do it themselves ALA ExtremeLand special sell 1c buy 1.2c profit?

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Just daydreaming some hopeful musings there kenny?

SPX Price at posting: 1.2¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 1.1¢		Change 0.001(10.0%)		Mkt cap ! $50.63M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.0¢	$79.14K	7.677M

Buyers (Bids)

No.	Vol.	Price($)
16	3613854	1.0¢

Sellers (Offers)

Price($)	Vol.	No.
1.1¢	127214	1

View Market Depth

No.	Vol.	Price($)
15	3613285	0.010
17	5982518	0.009
11	6858248	0.008
6	6232562	0.007
7	3097420	0.006

Price($)	Vol.	No.
0.011	127214	1
0.012	6995473	15
0.013	9242645	10
0.014	8389378	13
0.015	7363083	7

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SPX (ASX) Chart