At $1.25 you would also have the issue of $225,000,000 worth of shares or 180,000,000 shares hitting the register via Uncle Mt Kellet (about 10% of issued)....on top of those collecting on their profit as you so kindly pointed out.
That could hold the price down, down, prices are down.
As for brokers reports....well yeah....funny how none of them will ever insure your investment at even 50% of their well prepared paper predictions.
Seems to be holding ok at the low $1 mark although sell side volume has increased somewhat today.
Anyone know the timeline for the AELB to come to their decision and actually issue TOL?
Guess that is the next hurdle to cross.
At $1.25 you would also have the issue of $225,000,000 worth of...
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Last
$7.06 |
Change
0.040(0.57%) |
Mkt cap ! $6.599B | |||
| Open | High | Low | Value | Volume |
| $7.00 | $7.12 | $6.92 | $27.09M | 3.845M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 75156 | $7.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.08 | 480 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |