I've written a few critical posts as of lately, but today, I gotta say that I am not so worried about the slide in SP, since the volume is immaterial. Less than 20K AUD traded. It only means one thing: there are no buyers, and therefore any attempt at selling will just cause a waterfall. Naturally, any buyer would now wanna wait for an update on the marketing campaign.
I think now is the time to punt this thing for a great potential return - and I wish I could have gotten in at this price. My avg is much higher than this.
Obviously, the great potential upside is balanced with a huge risk of this thing not working out and all assets (up to a value of 1 million) going to the Note holders.
I think if management bought it right now, it'd be a great, great vote of confidence for the stock. Someone pls email them and propose that.
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Last
5.6¢ |
Change
0.003(5.66%) |
Mkt cap ! $48.51M |
Open | High | Low | Value | Volume |
5.5¢ | 5.9¢ | 5.5¢ | $160.4K | 2.820M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 166953 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 216779 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 166953 | 0.056 |
4 | 185911 | 0.055 |
3 | 201351 | 0.054 |
3 | 31499 | 0.053 |
2 | 120000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 216779 | 2 |
0.059 | 439403 | 3 |
0.060 | 451578 | 4 |
0.061 | 202173 | 2 |
0.062 | 119549 | 3 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
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DCC (ASX) Chart |