It will take about 5 days after the SPP close when IMU will announce the final price and level of participation / subscription. Unless IMU will extend the offer period by 1 or 2 weeks as seen at CHM and RAD if participation is too low.
If extended, an anns will be made before or on 14/09. and the 5 day av will be moved accordingly.
SPP games to drive the SPP price down will start at lates by Friday but by the look at current sp action it may have already started.
While hardly anyboby wanted the sp that low we now actually want it even lower as the damage has already been done.
Best scenario, just a few 30k apply for let's say 6c, no extension, no big guys involved and no sell off after issuing the new ones. But I think JC's second coming has a higher chance than that.
GLTA
It will take about 5 days after the SPP close when IMU will...
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Last
7.0¢ |
Change
-0.001(1.41%) |
Mkt cap ! $512.3M | |||
| Open | High | Low | Value | Volume |
| 7.2¢ | 7.4¢ | 7.0¢ | $1.229M | 17.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 707803 | 7.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 7.1¢ | 172396 | 5 |
View Market Depth
| Last trade - 16.10pm 15/05/2024 (20 minute delay) ? |
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Last
7.1¢ |
Change
-0.001 ( 1.25 %) |
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| Open | High | Low | Volume | ||
| 7.2¢ | 7.3¢ | 7.0¢ | 6411396 | ||
| Last updated 15.59pm 15/05/2024 ? | |||||
| IMU (ASX) Chart |