I think someone is playing with this stock....the big sell order is gone this morning and a quick drop back of the 2 pip gain yesterday occured on small parcel trade.
Not sure what's going on. It would almost appear that someone wants to cap the price?
I think the 8 mill at 5 cents may have been a signal to anyone who is interested that a substantial stake could possibly be bought at market for a relatively modest sum.....in other words an invitation to treat?
If we got back to 2 cents that would roughly equate to the long term market price (before the dilution debacle) of around 4 cents that had existed for quite a while. I'm guessing fair value once the arbitration is done and dusted should be more like 3.5 cents....but 5 cents isn't out of the question. My biggest concern is further dilution that may be necessary if further capital is required after a settlement or arbitrated decision.
GLTA
Kind regards,
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I think someone is playing with this stock....the big sell order...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.00M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $25.15K | 5.030M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 18291263 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 8551662 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 60206 | 0.024 |
1 | 14090 | 0.022 |
3 | 497619 | 0.021 |
5 | 649700 | 0.020 |
2 | 130000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 153799 | 6 |
0.037 | 18526 | 1 |
0.039 | 1200000 | 1 |
0.046 | 100000 | 1 |
0.047 | 1160000 | 3 |
Last trade - 10.32am 08/11/2024 (20 minute delay) ? |
MEM (ASX) Chart |