buc, with hindsight, it looks like the SML was already factored into the share price
Some of us said that was the case, others ("uprampers") claimed that it was the time to buy before the SML issue.
Just hope there weren't less experienced investors out there (taking the advice of the uprampers) buying before the SML hoping it would shoot into the 4s.
Delays doesn't help the share price either (probably won't see production until mid 2015).
Looks a long way from the 4s for now. I'd go as far as even saying that a positive announcement (eg. funding) won't make this hit the 4s from where it closed today, that would require at least a 29% increase on today's closing price. Not saying it's impossible, but looking less likely.
Not downramping, just stating the facts. Feel free to disagree.
who will lend $70m?, page-17
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $350.4M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $1.256M | 11.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 1319659 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 3294808 | 27 |
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| PEN (ASX) Chart |