I've taken a sunken costs view of earlier purchases at much higher share prices.
I am not suggesting the selling at the current share price is in any way irrational, because people sell for many reasons and this company has starved the market of decent news/ visible progress.
But on the face of it, we were at a much higher share price not long ago, with much the same fundamentals (in fact, in my view the fundamentals have improved and the risk that this won't end well has reduced).
Risk for reward at 6.9c, the upside risk is very significant in my view and material upside from here is probable.
At 6.9c, it would not take much to double your money, and given e-Lovu revenue alone I would back that in.
HMD Chart, page-649
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Last
2.2¢ |
Change
-0.001(4.35%) |
Mkt cap ! $17.32M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.2¢ | $33.66K | 1.53M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 1088930 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 58892 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 1088930 | 0.022 |
1 | 351900 | 0.021 |
1 | 1000000 | 0.020 |
1 | 1500000 | 0.019 |
1 | 1750000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 58892 | 2 |
0.024 | 234845 | 2 |
0.026 | 706429 | 3 |
0.031 | 1000 | 1 |
0.040 | 90000 | 1 |
Last trade - 10.07am 31/10/2024 (20 minute delay) ? |
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HMD (ASX) Chart |