The sp is not acting as if it's under pressure.
The oversubscribed, not underwritten, insto component is 6,228,261.
The oversubscribed, scaled back, retail SPP is 3,216,438.
These two placements total 9,444,699 shares at $0.46 that begin trading 1 August.
Therefore IF there is a dip below $0.46 XTE is a STRONG BUY.
I doubt there will be heavy selling by retail to crystallize a ~<8% profit. Oversubscribed insto has a whiffy hold sentiment, ie. initial position with a portion dedicated to trading (to get more at a lower price?).
In this Defense/Homeland Security sub-sector, with a Trump floor, note the T20 Holders. Insto is ABSENT. This tells me, especially with the ridiculously low (for the ASX) float, that the sp is a Bargain when viewed in the context of share structure.
OV
PS I'm not including XTclave -- a company-maker on its own.
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