Any basis for your target price ozexplorer and kman ?? It seems very clear that a bottom has set in very firmly around 1.70 regardless of what is thrown at it. I assume that this approximate level has become the consensus bottom that shorters start to cover and bargain hunters cannot resist. Seems a fair valuation if io price falls to $35 - anything higher than $40 represents huge upside at $1.70.
Can you outline your $1 logic, or is it gut feel panic?
fe sub $50, page-14
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Last
$17.33 |
Change
-0.165(0.94%) |
Mkt cap ! $53.29B | |||
| Open | High | Low | Value | Volume |
| $17.56 | $17.84 | $17.21 | $120.2M | 6.864M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 4498 | $17.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.33 | 8556 | 39 |
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| Last trade - 15.04pm 18/09/2024 (20 minute delay) ? |
| FMG (ASX) Chart |