Ura_bull. Agree. The company is probably funded for a term they know that they need working capital.
My simplistic take on the unprecedented high volume.
- Apx 150m shares have traded since the 176m issued under the $5m CR
- Issue was carried via private placement, targeting existing holders/sophisticated investors.
- They bought at 2.9c, and sold previously purchased shares (eg purchased at 8.2c) over the last few days, thus creating a capital loss of 5.3 c ps that can be carried forward in perpetuaty.
- Their entry price is now 2.9c and a large capital loss to protect future gains
Just my humble opinion. Hopefully good news coming soon. Generally breaks on a Thursday.
GLTAH
Ura_bull. Agree. The company is probably funded for a term they...
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Last
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $11.18M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.2¢ | 1.2¢ | $11.7K | 975.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 35271719 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 612037 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |
