Have been watching since less than a month ago, the stock price being at $6, thinking of entering. It's now at $8.00.
Anyone on the know have any idea why the price increases/rerating? have there been any research reports? Have not seen any other subsequent updates or financial forecasts/announcements. Should be getting the 31 March 2013 accounts in soon/due time, but per prior announcements it appears the loss should double for the second half of the FY as opposed to first half. A widening loss I would have thought wouldn't be anything to get too excited over? Stand to be correcte though.
Or perhaps this recent hype/price increase is all due to specualation re: recent capital raisings and 'following' the savvy crowd, i.e. if the successful investors are piling in at $6, surely they see something? sort of attitude.
Just gauging what everyone thinks in as factual /unbias manner as possible?
XRO Price at posting:
$7.99 Sentiment: None Disclosure: Not Held
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