"In my opinion you will probably get those traders in for a quick dollar and sell out as soon as possible to take that gain."
Well, no. You had to own the shares before the SPP was announced to be entitled to buy at 3.2 cents. No traders would have done that, so there is no extra stock coming their way at 3.2.
Quite possibly existing people at 3.2 who happen to buy more may well take a profit, but with the share price going off like it is and significant upgrades to profits and outlook, you would I think be tempted to hang on and see what happens.
re. market cap, page-33
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $37.24M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 18.5¢ | 18.0¢ | $17.23K | 93.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.0¢ | 73830 | 2 |
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| Last trade - 15.14pm 02/08/2024 (20 minute delay) ? |
| CSS (ASX) Chart |