ADO

4.76%

2.2¢ anteotech ltd

SP . Price movement, page-2496

First 2496 Last

Share
Profile

Follow
Charles89

4,995 Posts.

2157

10/06/21

11:28

Post #: 53764087
Share

Originally posted by rockclimber: ↑

In my opinion the recent drop in the share price has been the 'opportunists' who partook in the recent capital raise at 26c cashing in their 'free money'.
If this is the case why then did the price drop below the 26c?
In my opinion it was because this unexplained and unexpected sell off spooked the rest of us.
I for one thought that the company's usual 'announcement deficit syndrome' had finally triggered some sort of panic sell off. However after some deliberation I preferred this explanation (that the opportunists were cashing in) as the more likely explanation.
Whilst it is annoying that the opportunists have given the opportunity (no doubt unintentionally) to damage the share price, albeit only temporarily, which would not have happened if the whole of the capital raise had been by SPP ($37,000,000 worth of placements sought), it is somewhat of a relief, to me at least, that the storm will pass and we will be well rid of those who are not invested in the company's story and potential.
Mind you, I don't think that the company's announcement deficit syndrome helps. Perhaps it is a strategic decision to keep our activity close to our chest for commercial reasons, and if it is then I fully support it. After all we are up against some big players who would love to know what we are up to so they can play the 'spoiler' with any of our prospective deals.
But I think that some more frequent non sensitive progress reports would be appreciated by shareholders. Loyalty should be rewarded and more importantly, respected,and keeping all informed at this level on how their investment is being managed would show that respect.

Expand

I think you may well be right. Broker data from Monday, 2nd day of that big drop:

ADO Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
11 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

NVA

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

ASX Market Open: ASX200 to rise for Friday session | July 26

RHK

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

MND

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

IGO

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Nine's staff strike as Paris Olympic coverage begins

HRZ

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

There are more pages in this discussion • 903 more messages in this thread...

First 2496 Last

Add ADO (ASX) to my watchlist

(20min delay)
Last 2.2¢		Change 0.001(4.76%)		Mkt cap ! $54.30M

Open	High	Low	Value	Volume
2.1¢	2.2¢	2.1¢	$7.722K	366.4K

Buyers (Bids)

No.	Vol.	Price($)
1	1610	2.1¢

Sellers (Offers)

Price($)	Vol.	No.
2.2¢	568091	6

View Market Depth

No.	Vol.	Price($)
1	1610	0.021
16	1799959	0.020
5	2082869	0.019
7	664332	0.018
5	550882	0.017

Price($)	Vol.	No.
0.022	568091	6
0.023	422310	4
0.024	230737	2
0.025	246946	6
0.027	480762	2

Last trade - 16.10pm 26/07/2024 (20 minute delay)

ADO (ASX) Chart

SP . Price movement, page-2496

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

ASX Market Open: ASX200 to rise for Friday session | July 26

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Nine's staff strike as Paris Olympic coverage begins

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

SP . Price movement, page-2496

Top Stories

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

ASX Market Open: ASX200 to rise for Friday session | July 26

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Nine's staff strike as Paris Olympic coverage begins

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News