$4 Mil CR equates to approx. 267 Mil shares to be issued @ 1.5cents - it appears this has created a sizeable number of churners? many who gained access to the CR may be happy to sell down @ 1.5cents & keep their options. Must be close to 100 Mil. churn so far!?
Others may be reducing their positions due to the magnetic attraction of this low ball CR & the many sells occurring, perhaps not realising that quite a number of sellers may be in the money!, if they get 1.5 cents OR more when you take the options they get with the CR!?
Overall the CR has opened up a lot of potential laundry that could be washed through before things stabilise & those remaining get to focus on what the Booth Drilling may bring!
Is it time to reflect on why one took a position in TEG prior to the CR & perhaps not be influenced by what appears to be quite a disruptive activity resulting from this $4 Mil CR!?
Snap-shot Pre-drill!, page-2
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Last
0.8¢ |
Change
0.001(7.14%) |
Mkt cap ! $15.60M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.8¢ | 0.7¢ | $11.36K | 1.611M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 4571431 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 7302108 | 15 |
View Market Depth
| Last trade - 15.37pm 14/11/2024 (20 minute delay) ? |
| TEG (ASX) Chart |