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0.0¢ cockatoo coal limited

My browser shows that there are only 128 million shares offerred...

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Crinumstarter

61 Posts.

16/02/15

10:56

Post #: 14760722
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Originally posted by Ooogerbooger ↑

Well, if you didn't have the cash to take up all your allocation, it would make sense to sell your existing holding at 0.3c and spend the money to take up some more of your allocation, for a net increase of 50% in your share holding.

As for selling at 0.2c - well, the SP is likely to be stuck at 0.2c bid, 0.3c offer, for quite some time to come, given the huge number of holders who will have got in at 0.2c and would happily take a 50% profit by selling at 0.3c. It will take either very good news on the coal price or a share consolidation to change that dynamic. And likely a trading halt or two in the meantime. So if you want out with any urgency, you might have to settle for 0.2c.

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My browser shows that there are only 128 million shares offerred at 0.3. This is quite encouraging considering there were 4.7 billion shares before the issue. What I don't understand is why the ASX website shows the last price at 0.2 cents, when my etrade account shows that there were 11 trades on the ASX and every single one was at 0.3 cents.

COK Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
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