I doubt the SP increase yesterday was due to todays announcement. We know from previous announcements Off takes are being negotiated in the back ground.
An email I received yesterday may explain it, "New Comprehensive Research Note" coverage initiated - High Conviction Buy and Price Target $1.40 (Strategic Target $2.00 per share)
Why the jump ?, page-6
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Last
35.0¢ |
Change
0.010(2.94%) |
Mkt cap ! $138.1M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 35.0¢ | 34.5¢ | $76.46K | 218.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | 34.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 10000 | 1 |
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| Last trade - 12.02pm 16/08/2024 (20 minute delay) ? |
| SFX (ASX) Chart |