some thoughts on why although considering recent history being cautious is called for, but not for this CR:
1. this placement is not to a single investor but to various institutional and sophs - its not upto one or two to decline the offer.. all have to decline.. very unlikely.
2. the company was happy to do a 15% CR - but the overwhelming demand led to them having to increase the offering - this in itself speaks about the interest out there for our stock.
3. its not easy to dump this stock at a profit - the buy/sell depth will tell you if someone wanted to get rid of a couple million shares, they would have to take a loss.. not many shares traded compared to other companies with similar profiles... so the intent to make a quick buck doesnt really apply to this stock.. see AVB which had i think 60 million shares traded in a day.. if we did the same under selling pressure, we would sink back to 5cents??? .. thats my view based on the market depth.
4. this is a convenience CR, not a desparate one - and institutional interest clearly indicates the potential of the recent find... its a 20mill MC with nearology to a multi-billion find... its an obvious investment!
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $9.253M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $176 | 22K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2502835 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 53000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2502835 | 0.007 |
3 | 1433333 | 0.006 |
3 | 2370000 | 0.005 |
1 | 500000 | 0.004 |
1 | 600000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 53000 | 1 |
0.009 | 1214150 | 4 |
0.010 | 1100000 | 3 |
0.011 | 655299 | 2 |
0.012 | 1060798 | 4 |
Last trade - 10.04am 09/08/2024 (20 minute delay) ? |
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