Hi Nursery,
IMHO today's major rally in TAS and the minor fall in EDE, was caused by investors selling EDE shares and buying TAS. They did this due to the fact that the TAS rights issue closed today. Through the sale of their EDE shares they were able to use the proceeds to complete their TAS rights issue/purchase transactions. TAS were way undervalued so this was an easy play i.e. money for jam. Once investors have received their TAS shares from the rights issue on November 4th or 5th, it is more than likely that investors will sell their TAS shares at a handsome profit and buy back into EDE.
Cheers!
Hi Nursery, IMHO today's major rally in TAS and the minor fall...
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.026M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 221958 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 4785706 | 4 |
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| Last trade - 16.12pm 18/11/2024 (20 minute delay) ? |
| TAS (ASX) Chart |
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