LF - i am pretty certain that the discussion on the "Sour Grapes" thread is spot on. Whilst I don't know how many bullets they have left, there was a pretty open exit strategy sitting there all day today with an order for 12,000,000 sitting there at 6c and then moved up to 6.1. Easy exit for remainder, so my gut feel is they are at the end of the line.
With flow rates due soonish, and expectation of further newsflow, i reckon it's a clear case of "oh well, you feel you don't need us anymore, then cop this", with them just dumping the stock and pushing well below the issue price.
Unfortunately not very well managed by the company, but good to have them out the way now.
Good news is there's clearly a new buyer there, and if flow rates impress then there will be more where that came from IMHO.
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Last
1.6¢ |
Change
-0.009(36.0%) |
Mkt cap ! $20.39M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.6¢ | $11 | 667 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2389 | 1.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 2223 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2389 | 0.016 |
1 | 50000 | 0.011 |
1 | 10000 | 0.010 |
1 | 369069 | 0.002 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 2223 | 1 |
0.029 | 161037 | 1 |
0.032 | 100000 | 1 |
0.045 | 22000 | 1 |
0.050 | 170000 | 1 |
Last trade - 15.59pm 13/09/2024 (20 minute delay) ? |
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