What a disaster this merger is turning out to be for TMT holders. At the current bid of 1.3c, their TMT shares are now effectively worth 1.3 x 14 = 18.2c ! I predicted that the AVL SP would crash, and warned that the TMT "turkeys would be voting for Christmas", but the merger went ahead anyway. With a SELL:BUY queue ratio of nearly 4:1, it looks like the SP will continue to decline. With the MC now around $120m, isn't this the MC of AVL alone before the merger ? What on earth happened to the value of TMT's assets ? It seems they have simply evaporated.
All IMHO, DYOR
Vanadium Price Advances, page-153
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Mkt cap ! $137.7M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.6¢ | 1.5¢ | $71.44K | 4.518M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 4155941 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 6034789 | 19 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 1.5¢ | 1.6¢ | 1.5¢ | 991215 | ||
| Last updated 15.45pm 14/06/2024 ? | |||||
| AVL (ASX) Chart |