Punters here should take a look at BIT to appreciate what a quality broker and setup can do - almost identical play to SUD
BIT had a shocker of a chart, falling from over 10c down to <2c
The company conducted a heavily oversubscribed rights issue at 1.5c with options roughly 3 times out of the money - CPS as lead broker
The rights issue was conducted before material news that was expected
Guess what ... they also ran into delays and saw a few months of on market consolidation after the stock was issued in May
However when the news eventually hit, BIT rallied to an intraday high today of 11c !
Participants in the placement up 7.3 times their money on heads alone
This is why I followed CPS into SUD and why I have patience for the deals to be delivered ... at the right time, this thing could go parabolic
Yet another CPS cracker ...
Add ALA (ASX) to my watchlist
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Last
12.0¢ |
Change
0.005(4.35%) |
Mkt cap ! $126.0M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 13.0¢ | 11.5¢ | $375.7K | 3.063M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 30000 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 114024 | 2 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
12.0¢ |
Change
0.005 ( 4.35 %) |
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| Open | High | Low | Volume | ||
| 11.8¢ | 13.5¢ | 11.8¢ | 2914423 | ||
| Last updated 15.47pm 26/04/2024 ? | |||||
| ALA (ASX) Chart |