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;-)
RWD Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
