We should not raise our expectations too high.
The announcement may not be FAA approval because the last report suggested the decision would be made during the third quarter of this year.
If this is not FAA approval I hope there is not a market sell-off as a result of disappointment.
I own nearly a quarter of a million shares & am in for the long haul.
I first bought over a decade ago & added at lower prices along the way.
For those who have insufficient shares, if the announcement is not FAA approval, this could prove a great opportunity to top up your holding.
In the long term I see no reason why FAA approval will not be granted.
The share price could very easily go to several dollars when you consider there are less than 100 million shares on issue. If this is a punt then I love the odds.
High expectations!
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Last
50.5¢ |
Change
-0.025(4.72%) |
Mkt cap ! $69.36M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.5¢ | 49.0¢ | $142.8K | 285.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 51.0¢ | 18814 | 1 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| SMN (ASX) Chart |