I know some folks don't like talking about a potential T/O (god knows why ???) but I think a good number of holders are now starting to resign themselves to this reality.
A low SP will wear down the staunchest of holders after awhile( holders fatigue).
The constant up and down SP behaviour is psychologically exhausting.
The frustration and disappointing SP in light of strong positive news and results really hammer a persons resolve.
I have often stated it is nigh on impossible to stay the course.
It feels like a conspiracy but it is really just how the market works.
Our very low SP makes us a certainty to be bought out.
After a long period below 10c a bid around 25c will prove irresistible to most holders.
I won't sell into the first bid.
A second bid could easily be pitched at 40c
The next run at 12c should see us push towards 15c
If anyone is thinking of making a bid they need to move before the SP moves too much higher.
We were ridiculously cheap a few months back below 7c with the AU$ at 72c.
The AU$ looks like it is heading back down so if a US based company was considering a bid now would be the opportune time.
I would hate to think we could get any cheaper.
It's not just me, people like Malcy expect a bid and they are incredulous at our SP.
If we were 25c I wouldn't be thinking about T/O 's, at below 10c we are too irresistible.
It will be a good thing when it happens.
You will know you are alive.
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Last
49.0¢ |
Change
-0.005(1.01%) |
Mkt cap ! $45.74M |
Open | High | Low | Value | Volume |
49.0¢ | 49.0¢ | 49.0¢ | $144.2K | 294.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 104668 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 9230 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 104668 | 0.485 |
2 | 110000 | 0.480 |
1 | 100000 | 0.475 |
1 | 100000 | 0.470 |
1 | 50000 | 0.425 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 9230 | 2 |
0.510 | 222895 | 5 |
0.515 | 103300 | 2 |
0.520 | 421965 | 4 |
0.525 | 100000 | 1 |
Last trade - 10.34am 09/09/2024 (20 minute delay) ? |
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