Some stats for those interested.....
Yesterdays volume was 676,552 (equals 10.25% of recent cap raising)
Todays volume was 419,21(equals 6.35% of recent cap raising)
These volumes are way above historical volumes, so its reasonably safe to assume that a fair chunk of this volume is related to trading of new shares. Say 80%? Allow for 20% churn (probably to much). So then we have around 60% of the volume attributable to the new shares directly.
So we already through 16.6% x 60% = 10% of the new issue, and price has stayed up well.
I am amazed at the resilience of the SP in spite of new issue selling...(Ignoring the obvious massive future potential of the project and the SP;-)
tipsheet rec perhaps, page-7
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Last
5.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.44M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 5.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.9¢ | 22897 | 1 |
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| Last trade - 12.04pm 14/10/2024 (20 minute delay) ? |
| RWD (ASX) Chart |
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