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579m shares at .059 released from Retail Offer on Tuesday, 85%...

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15/04/18

10:24

Post #: 32462443
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Originally posted by Jako8557 ↑

So that massive volume spike was not all traded on market, at least some of it was just an announcement of newly issued share.....is that right ??

If so, I would only judge the stock traded on market, and if that was still well above average then the analysis is the same (or very similar), if not adjust the thinking to the new volume size.

On the daily chart, I can see three high volume bars, so I imagine only one was the dilutive day, which probably leaves the analysis the same, or similar.

It certainly looks interesting, and the price of crude has been quite positive recently.

cheers

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579m shares at .059 released from Retail Offer on Tuesday, 85% went to underwriters Euroz and Morgan's some large X trades went through otherwise all on market as far as I know.

3B link post retail allotment below

https://hotcopper.com.au/documentdownload?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL4wm5zxL+v+R8/rFiGug=

Just released a Sub Notice for Thorney Group aquired 6.7% or 195m shares at .059
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