i agree & my chart indicates the price should get up to 30 cents.
appart from my earlier post about SH's being dudded with the cap raise to sophs at %50 lower than the recent highs which was well signposted, as the last CR was only enough to get them to end of june 18, i am not surprised that the offer was heavily oversubscribed. IMO this has put a floor under the SP ? we are seeing some weakness i believe from holders selling shares to take up the rights which also give a 1 for 2 free option.
SYA - Chart, page-3173
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 (20min delay)
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Last
3.1¢ |
Change
0.002(6.90%) |
Mkt cap ! $319.0M | |||
| Open | High | Low | Value | Volume |
| 3.0¢ | 3.3¢ | 3.0¢ | $3.971M | 128.5M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 15697465 | 3.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.2¢ | 594033 | 3 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| SYA (ASX) Chart |