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).
The pump and dump was due to mandated buying by ETF's caused by...
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Last
$6.38 |
Change
0.130(2.08%) |
Mkt cap ! $1.510B | |||
| Open | High | Low | Value | Volume |
| $6.40 | $6.56 | $6.37 | $4.381M | 678.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1499 | $6.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.48 | 1801 | 1 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
$6.38 |
Change
0.130 ( 2.43 %) |
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| Open | High | Low | Volume | ||
| $6.45 | $6.55 | $6.37 | 88955 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| SLX (ASX) Chart |