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16/03/18
12:35
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Originally posted by packyourbags
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There is almost zero supply here. The CR should put a floor under the price, and unfortunately for some (me) who were hoping to top up at the gap, it doesn't look likely to happen. Only a matter of time before this starts to move upwards. With zero supply, buyers will be forced to start stepping up. As I said before, if it breaks the trading range of 5.1 the reversal will be confirmed imo. And yes - "firm commitments to placement" were received. I imagine we might see a 3b after hours today or Monday showing the issue of the placement shares plus the initial 5mil issued to NCX as part of the collaboration agreement.
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The supply is based on what you can see on the screen. I wouldn't read to much into that as sellers just need to click a button to sell their shares if it starts moving