I sometimes do a calc on the volume weighted average price. Yesterday was almost exactly $2.76 with moderately large turnover, and today so far it's a tick under that ($2.758). Any serious buying by any party including shorters covering is going to send the price up rapidly.
All we need to do is sit on our hands and the market will do the rest. The longer this can be stretched out without any party getting a material holding, the closer we get to the holy grail of production, profitability and dividends. Then we'll see what the market valuation of our company is then! I venture multiples of today's price.
regards
DF
ASX Today, page-29116
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Last
79.0¢ |
Change
-0.020(2.47%) |
Mkt cap ! $1.915B | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 77.5¢ | $10.13M | 12.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 365849 | 79.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 35511 | 2 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| LTR (ASX) Chart |