AUL 7.25% 32.0¢ austar gold limited

@BenJohn @jay1983 Don't have to be pulled, just means any trades...

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  1. 16,136 Posts.
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    @BenJohn @jay1983

    Don't have to be pulled, just means any trades at the indicative price,

    provided there are sufficient at 1 cent to cover them, their sells

    will transact first. They could have put sells in, theoretically at .1 of a cent,

    and still got 1 cent at close.

    Same deal in pre-open auction, buyers may bid (x $$$), more than a previous

    closing price, just to "get in front", as will sellers offer at much lower,

    but still get the higher bid for their shares.

    A few of you need to research how open/closing auctions. work

    Participating in auctions is reasonably safe, if there are sufficient bidders/sellers,

    and they can't "PULL" their orders before cut off time.

    Need to exercise some caution in auctions.

    https://www.rivkin.com.au/blog/shar...e-asx-opening-and-closing-auctions-24222.aspx
 
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