Hi Hevlet,
I think that as the depth is around the placement price, it's real.
Some now wishing they'd taken up/bought the rights.
Not surprised to see lower depth above the 1.2 cent mark, however it is also extremely telling that no-one is selling down into it.
Looking good - happy that the price did not get ahead of itself. If it can consolidate with a base around the 1.5 cent mark, if it holds there following Friday, we should see 2 cents next week I think as confidence comes back in on the back of the raising.
Cheers
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Hi Hevlet,I think that as the depth is around the placement...
Add SBN (ASX) to my watchlist
Currently unlisted public company.
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
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