DDD 10.0% 0.6¢ 3d resources limited

Or it could be those who took up the raising offers are pumping...

  1. 31,884 Posts.
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    Or it could be those who took up the raising offers are pumping to dump. Seen it before all over the ASX. Biggest was TV2, went from 3c to 7.2c in less than two days, then back below 3c.

    There's already been a lot of shares traded since the shares were issued, quite a bit around .5/.6c (20 to 40% profit) so I'd say much of those stag profiteers have sold already (remembering as well maybe 40% of issued shares were taken up by directors).

    TV2's 7c gave it a marketcap of $56mill (on 800mill shares). DDDs current marketcap is only $3.5mill. DOn't see a lot of similarities. To me it looks like a bit of a re-rating to a new marketcap level.
 
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