cso1 - my point was BGS was very much in a similar position several months ago, in fact their Shareprice sat between 0.5 and 0.8 between July 2012 and Mid Jan 2013.
Any company with a share price in this position faces challenges, most notably by people placing short term GAP plays (buying 0.005, selling 0.006) for a simple 20% return - which is what I have been doing with GIP this lasy two weeks (up 40%/after costs at present).
As such, to be able to break that trend, it requires significant re-rating news or the DT/ST HC teams to come out in force, which happened to BGS in Jan and still has.
Further more, BGS also has the sovereign risk similarity that letsee seems to think is a massive issue here. IMHO though Mali carries significantly more soverign risk than Egypt, even after the 'democratic' appointment of the Muslim Brotherhood.
- Forums
- ASX - By Stock
- SP8
- ready to run
ready to run, page-71
-
- There are more pages in this discussion • 18 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SP8 (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.7¢ |
Change
-0.001(6.67%) |
Mkt cap ! $8.054M |
Open | High | Low | Value | Volume |
0.7¢ | 0.7¢ | 0.7¢ | $836 | 119.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 7549618 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 4000099 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 7549618 | 0.007 |
10 | 9207891 | 0.006 |
3 | 860000 | 0.005 |
3 | 6300000 | 0.004 |
3 | 2300000 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 4000099 | 8 |
0.009 | 2646227 | 6 |
0.010 | 1263194 | 3 |
0.011 | 2000000 | 1 |
0.012 | 10607 | 1 |
Last trade - 12.45pm 28/10/2024 (20 minute delay) ? |
Featured News
SP8 (ASX) Chart |