What's not to get. They're .not going to be bid up on the last day of trading.Because ....those peoples as has been said , or Investors are going to be more reserved in the obvious fact of NOT knowing what ' peoples ' will do with them one they resume trading.So as a result , the market is not prepared to pay up for this risk of them being dumped for a quick profit when the new shares commence trading on the 28th April .If anything , I will expect the BIG pump to come tomorrow or the day after on equally BIG volumes being traded in the heads , and ahead of those new shares coming on line.Of course if there were to be an extension of the offer at the ' Discretion ' of the broker , the trading and bidding up might be a whole different story. However , I'm not sure that will happen now at this late stage in the prospectus timetable.Again though , I would refer you all to the last similar rights issue back in late 2017 when the SP behaved much in the same manner , and it wasn't until 1 week after in early Nov 2017, and then 5 weeks after at the end of Nov when the SP really started to stack on momentum in the 100's of percentage point gains. Gonna have to wait unfortunately.
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Last
3.9¢ |
Change
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Mkt cap ! $401.4M |
Open | High | Low | Value | Volume |
3.9¢ | 3.9¢ | 3.8¢ | $1.590M | 40.96M |
Buyers (Bids)
No. | Vol. | Price($) |
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99 | 19196627 | 3.8¢ |
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Price($) | Vol. | No. |
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3.9¢ | 1522633 | 7 |
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No. | Vol. | Price($) |
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99 | 19196627 | 0.038 |
183 | 36282213 | 0.037 |
82 | 10896802 | 0.036 |
108 | 13859768 | 0.035 |
25 | 6312614 | 0.034 |
Price($) | Vol. | No. |
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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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