I don't think it's coming from day traders.
Appears much larger holder and could be an existing note holder selling the 7c stock they got in late December, locking in a quick profit and positioning themselves for an imminent unlisted C-Note deal at 7c or less.
PLT needs to get the C-Note away prior to the SPP closing so as not to risk a 10% or less take up in the SPP which would then undoubtedly result in PLT getting rogered by the C-Note investors (ie. could be 5c conversion not 7c) and this would be to the detriment of all the Ordinary shareholders.
I don't think it's coming from day traders. Appears much larger...
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Last
72.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $126.2M | |||
| Open | High | Low | Value | Volume |
| 72.0¢ | 72.5¢ | 71.8¢ | $21.07K | 29.23K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1407 | 71.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 74.0¢ | 2000 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| PLT (ASX) Chart |