ORP 6.25% 8.5¢ orpheus uranium limited

What are you talking about? Its an unmarketable sale facility....

  1. 3,041 Posts.
    lightbulb Created with Sketch. 130
    What are you talking about? Its an unmarketable sale facility. Its not a buy back, the company is not buying the shares.

    Its generally a good thing all round, the register is tightened up because all the small parcels of disinterested holders can be gotten rid of in one go, Anyone who had an unmarketable parcel and wanted to sell but cant, now can brokerage free, if they want to keep their shares they can do that too (opt out) doesnt really cost the company anything either..... They go to a broker and are sold as a lump of shares. Hence the no brokerage for holders that take the opportunity to have their unmarketable parcel sold.

    The only possible issue is if and how the broker sells them, but its not actually very many shares at all when you look at the regular volume being traded, a couple days worth at most. And its not until August roughly so it could be a fair bit higher price than currently anyway...

    If anything its the perfect time to do it as things are starting to warm up because it helps tighten the register a bit before things really kick off. Its not unfair to anyone, because its purely by choice. And only makes it better for remaining holders IMO.

    Before you go calling people idiots and commenting on management insight good idea to actually understand whats really happening.
 
watchlist Created with Sketch. Add ORP (ASX) to my watchlist
(20min delay)
Last
8.5¢
Change
0.005(6.25%)
Mkt cap ! $16.13M
Open High Low Value Volume
8.4¢ 8.5¢ 8.4¢ $4.838K 57.56K

Buyers (Bids)

No. Vol. Price($)
2 34096 8.5¢
 

Sellers (Offers)

Price($) Vol. No.
8.9¢ 34650 1
View Market Depth
Last trade - 15.27pm 28/03/2024 (20 minute delay) ?
ORP (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.