Will decide on Wednesday, depends on my other gem that got hammered due to board spill. Returns over there less risky and much higher and faster.
The incentive to drive the sp down ends on Thursday. About 1 week to the results. If fully taken up about 500-600m shares issued will scare some into selling. If not fully subscribed it will be seen negative, selling.
Once issued many will sell to stick with oppies, again selling pressure.
Best scenario is IMU announces on issue day something mind-blowing to absord the selling or cause a buying frency. But how likely is that?
Considering the above, sp unlikely to recover soon. Again, 12c would have avoided this highly predictable mess Paul got us deliberately into.
As Slick correctly pointed out, somehow he will get away with it regardless of the outcome but will we?
GLTA
SPP uptake, page-136
Add IMU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.8¢ |
Change
-0.002(4.00%) |
Mkt cap ! $356.9M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.0¢ | 4.8¢ | $382.1K | 7.853M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 62 | 8072405 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 668099 | 5 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| IMU (ASX) Chart |