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15.5¢ canyon resources limited

Just out of interest, how is an announcement that dilutes shares...

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lumberjack27

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18/12/18

12:02

Post #: 36892540
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Just out of interest, how is an announcement that dilutes shares by approx 7.5% not price sensitive?

Surely if MC stays constant, the SP would drop by the equivalent amount (never happens fully) and would therefore be price sensitive.

CAY Price at posting: 20.0¢ Sentiment: Buy Disclosure: Held
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Last 15.5¢		Change 0.005(3.33%)		Mkt cap ! $127.2M

Open	High	Low	Value	Volume
15.0¢	15.5¢	15.0¢	$86.18K	557.6K

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No.	Vol.	Price($)
6	463229	15.0¢

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Price($)	Vol.	No.
16.0¢	887016	4

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No.	Vol.	Price($)
8	4366729	0.080
3	5025316	0.079
3	3750000	0.076
2	45000	0.070
1	40000	0.067

Price($)	Vol.	No.
0.083	150000	2
0.084	345680	4
0.085	364900	4
0.086	430000	2
0.087	230000	1

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