I honestly think it will open between $5-$6.
However once those million shorted shares are gone the ratio of buyers to sellers will probably be 20:1.
Who wants to sell their shares when they know in a year they may be double or triple the share price?
Anyone keen to take an educated guess of what the sp will be if another 3-4 commercial deals get locked in?
I see the first week of trade for WBT to be huge.
Commercial Partnership[!!, page-312
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Last
$2.09 |
Change
0.080(3.98%) |
Mkt cap ! $394.8M | |||
| Open | High | Low | Value | Volume |
| $2.05 | $2.14 | $2.03 | $973.0K | 466.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4253 | $2.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.11 | 9706 | 1 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| WBT (ASX) Chart |