Harold
True, the sp has reached $12 bucks, but when you calculate 177m shares @ $12 = market cap $2,141,700.
Now we have 217m shares. x $10 = market cap $2,170,000. At the time of $12 there was approx $200m in the kitty. So at $10 today is approx same as $12 24/7/09.
Then to add, the market as of today is telling us that there is not to many willing buyers over $7.70.
I think you would be supprised how many of the big enders would be happy to dump 10 to 20 mil shares a $10 in one hit that they bought pre $5 a couple of years ago.
Just my opinion
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Last
$1.51 |
Change
-0.085(5.33%) |
Mkt cap ! $1.211B |
Open | High | Low | Value | Volume |
$1.59 | $1.59 | $1.49 | $11.13M | 7.334M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 19893 | $1.51 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.51 | 140180 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 19893 | 1.505 |
2 | 20016 | 1.495 |
12 | 188609 | 1.490 |
7 | 90178 | 1.485 |
15 | 195916 | 1.480 |
Price($) | Vol. | No. |
---|---|---|
1.510 | 140180 | 7 |
1.515 | 42784 | 3 |
1.520 | 91616 | 7 |
1.525 | 66269 | 2 |
1.530 | 2000 | 1 |
Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
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KAR (ASX) Chart |