What I find particularly interesting with the trading in the OTC DMNXF's is that in 5 of the last 7 trading sessions it has hit a high of US 3.2 cents and a close of no less than 2.9 ( A 3.67 - 3.77 ) on total volumes of around 18 M . And of course the highs of 3.2 equates to between A 4.05 cents and A 4.15 cents depending on what exchange rate you apply between .77 and .79 aud to us.Interestingly as well that the traded volumes in the last session , more or less equate to the inverse of the 16.6667% 1 for 6 offer with traded volumes only representing approximately 81.11% ( 18.89% less ) than the 30 day average traded volumes of around 4.2 million.....It's almost as to say that the OTC markets are waiting patiently for the additional 16.67% more stock to become available before it decides to BID these volumes up accordingly , and so in the meantime is happy to just trade or accumulate in the discounted available difference.And for me , this just seems a bit counter intuitive in the sense that you would almost expect the opposite result given the fact that OTC holders if presumed US holders etc...are in fact prohibited to participate in the offer and so will be diluted to the extent of this percentage difference. So I guess why not then BUY up more to maintain your average holding right.....On the other hand they may be thinking more along the lines of keeping this percentage difference in hand until they commence trading in OZ and when the overall direction of the fully diluted SP becomes more widely known.Whichever the case , it is certainly interesting to follow the movement of these numbers , particularly when they are so relevant when measured against the last 30 days window as well as the fact that there is only 2 days of trading left to make a decision on your rights.
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What I find particularly interesting with the trading in the OTC...
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Last
3.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $401.4M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.8¢ | $1.590M | 40.96M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
99 | 19196627 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.9¢ | 1522633 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
99 | 19196627 | 0.038 |
183 | 36282213 | 0.037 |
82 | 10896802 | 0.036 |
108 | 13859768 | 0.035 |
25 | 6312614 | 0.034 |
Price($) | Vol. | No. |
---|---|---|
0.039 | 1197061 | 6 |
0.040 | 9723325 | 59 |
0.041 | 14678340 | 34 |
0.042 | 10049235 | 35 |
0.043 | 5669424 | 18 |
Last trade - 16.10pm 28/03/2024 (20 minute delay) ? |
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Last
3.9¢ |
  |
Change
0.000 ( 3.77 %) |
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Open | High | Low | Volume | ||
3.9¢ | 4.0¢ | 3.8¢ | 24266959 | ||
Last updated 15.59pm 28/03/2024 ? |
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