If that is true then the only important question from a financial pov is how low will it be pushed down? Absolutely no point paying 8c if you can pay 6c in two weeks. Another overlooked factor is the opportunity cost of holding a stock in a downtrend. The PEN thread is the perfect example, with punters relying on what spot prices MIGHT be 2 years from now, while watching the sp slide from 15c to 4c.
announcement, page-87
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Last
77.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $70.43M | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 77.0¢ | 77.0¢ | $7.928K | 10.29K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10780 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 5000 | 1 |
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| Last trade - 15.31pm 11/09/2024 (20 minute delay) ? |
| MYG (ASX) Chart |