The pump and dump was due to mandated buying by ETF's caused by entering the ASX 300 and a number of ETF's (including URA). IMO it was a master stoke by Chris Wilks to get our required capital ($120m) from "sophisticated investors" and brokers at $4.05 with minimal dilution. Those brokers who supported the CR thought there was going to be a scale back and over allocated allowing SLX to get the money they needed ($120m) at minimal dilution and then helped retail holders by the SP going below the CR - a rare win to retail (mum and dad) shareholders. Also got a lot of new (and influential SH on board) - note that major SH - Jardvan (Boyt) is still at old SH (29,801,030 shares).
Share price, page-798
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Last
$5.87 |
Change
-0.260(4.24%) |
Mkt cap ! $1.390B | |||
| Open | High | Low | Value | Volume |
| $6.19 | $6.19 | $5.82 | $2.322M | 391.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1988 | $5.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.89 | 1693 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$5.85 |
Change
-0.260 ( 4.41 %) |
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| Open | High | Low | Volume | ||
| $6.16 | $6.16 | $5.82 | 58426 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| SLX (ASX) Chart |