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Soul13

521 Posts.

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17/09/20

13:27

Post #: 47418917
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Originally posted by danhoff: ↑

I had hoped yesterday saw the end of sellers. The 36 to 36.5 stand off. Somebody has to sell for the price to dive.

Yet today, we see two big 'walls' that caused a full scale sell at the 1/2 cent under. 400k sells into the 36. Then 400k into the 35.5. Now I agree the volumes are quite small. And it is sad $200k of money can cause the market cap to fall $5 to $10 million.

And the standoff is now 35 vs 35.5.

There really is nothing to stop this from happening. So maybe in a few days the standoff will be 30 vs 30.5. (and we can welcome Edwin back!)

Now one could argue the valuation of the share should be 30 cents. Therefore it is just falling back to its natural 'real' price. But you could then also argue the valuation should be 25 cents. I mean I think think the earnings (profit) per share for the year we are in will be between 1.5 and 2 cents. That gives you a 25 cent share.

This is the first share I heavily invested in based on growth and threw fundamentals out the door. Because it cannot be valued quite yet. I agree with the comment 'let us see q3 report'.

And I let you know what response I get back from my query. I was exceedingly polite and positive. Because I am a big believer. But I aint here to lose 20% in 6 months and only 'hope' and 'assume' it will grow 20% the following 6 months.

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Can you share how you calculated the sp based on financials? I have no knowledge of that
Because if what you said was correct, then if we look back to the 20 cents IPO, it would be sooooo overvalued before the COVID kicked in...

AT1 Price at posting: 35.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.0¢		Change 0.000(0.00%)		Mkt cap ! $12.78M

Open	High	Low	Value	Volume
2.0¢	2.0¢	2.0¢	$2.4K	120K

Buyers (Bids)

No.	Vol.	Price($)
9	372311	2.0¢

Sellers (Offers)

Price($)	Vol.	No.
2.1¢	32000	1

View Market Depth

No.	Vol.	Price($)
8	322311	0.020
3	740000	0.019
2	355553	0.018
2	266662	0.015
1	36000	0.014

Price($)	Vol.	No.
0.021	32000	1
0.022	40000	1
0.023	200000	1
0.024	126743	3
0.025	9000	1

Last trade - 10.03am 13/09/2024 (20 minute delay)

AT1 (ASX) Chart

Buckle up for $1, page-389

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Buckle up for $1, page-389

Top Stories

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

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Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Utah authorities sign off on Anson's lithium extraction plans at Green River

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News