I have been soaking up shares in this between 8.8 and 9.1c over the last couple of weeks.
Dumps to 9.1 are now becoming infrequent so it could be a sign of a ST bottom unless a new dumper emerges (like the JPM account)
Company trading not far above cash backing, and with some interesting prospects albeit with a string of poor results.
Hoping for a turnaround story from these levels but no sign yet. Just a wait and see for me.
Has been under performing the ASX markedly as shown on this chart, even though trading patterns are similar. Due close cash backing, I cant see this tanking much further if the ASX tanks so it is a 'contrarian play' for me.![]()
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- seems to be bottoming
seems to be bottoming
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