Allan Gray has started to sell, which means that there is a 15% overhang that will probably hit the market in the coming weeks and months.
Even if the stock is undervalued, which I don't think it is, having a 16% shareholder unloading his position means that the SP won't be able to move up.
I had a bunch of buy orders queued up from 36c, but they have all been cancelled now that I've seen Allan Gray's signal. Perhaps once the stock is in the 20s I might take another look.
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Last
1.7¢ |
Change
-0.001(5.56%) |
Mkt cap ! $6.931M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.9¢ | 1.7¢ | $8.809K | 495.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 266679 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 252359 | 2 |
View Market Depth
| Last trade - 14.49pm 24/06/2025 (20 minute delay) ? |
| ACR (ASX) Chart |