It was way overbought in the high 40’s IMO. Still has further to fall I suspect…probably low 20’s. The market is generally sceptical and major announcements are now virtually ignored. One has to balance the comments made by management carefully to determine the extent of progress vs the amount of salesmanship IMO. The recent share offer which is raising working capital to cover a 4 year period signals that management don’t see a deal is close.
Media Thread, page-2595
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $389.5M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.6¢ | 5.3¢ | $615.0K | 11.39M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 25 | 2977440 | 5.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.4¢ | 283236 | 4 |
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| Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
| IMU (ASX) Chart |