If its a rights issue, it tanks. if its a significant single investor with a firm injection of several million bucks it might go up. Indicative price and volume currently does look promising, but my hunch is it drops back close to the placement price which will be more than 0.01 and way less than 0.02
if its a single investor or insto type single group they will see its been ramped to buggery on friday and want an entry price closer to 0.01
I'm happy to have taken a lump of profit on last weeks gains, leave rest on the table for others.
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