Your 2c prediction is totally unsubstantiated. Like I said before, an oversubscribed placement was done at 4c in November with Mr Dorrian contributing $250k of it. Also around that time, an investment firm put a buy recommendation on this stock which sparked a huge interest and a massive increase in volume. A lot of shares were trading around 4 to 6c range and 4DS also formed a partnership with IMEC around the same time as well as making a big announcement on the progress of their chip.
The uptrend began and when Jim came to Oz on a road trip talk show, the share price spiked to 9.7c. Since then, it lost steam and started its decline on low volume. So I expect strong support around these levels we are at now with a floor at 4c. I'll be extremely surprised if it drops below that and if it does, I can assure you i'll be backing up the truck and load up.
As for your $4 takeover prediction, all I can say is sunny Jim and his posse have got a lot of work to do if he even dreams that someone will buy his company for that much. I expect a low ball offer to come first before you even think the $4 offer will be anywhere near realistic.
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Last
7.5¢ |
Change
0.004(5.63%) |
Mkt cap ! $132.2M |
Open | High | Low | Value | Volume |
7.4¢ | 7.5¢ | 7.1¢ | $57.97K | 790.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 346111 | 7.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.5¢ | 248999 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 73000 | 0.072 |
1 | 14084 | 0.071 |
4 | 244441 | 0.070 |
4 | 523903 | 0.069 |
8 | 841250 | 0.068 |
Price($) | Vol. | No. |
---|---|---|
0.075 | 248999 | 1 |
0.076 | 116553 | 2 |
0.077 | 92948 | 2 |
0.078 | 12000 | 1 |
0.079 | 111279 | 2 |
Last trade - 16.10pm 13/09/2024 (20 minute delay) ? |
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