0.4 percent of stock traded. The pattern of trades didnt look like an iceburg large seller trying to get a large chunk away. If you want to get rid of a meaningful bundle, you don’t keep taking out the bid with small parcels as happened last 2 days. Why would someone trying to get rid of 3 or 4 or 5% get rid of perhaps 0.2% (at most) whilst driving the price down 20% and destroying the value of the much larger part of their holding. The big players are a bit cleverer than that
IMO this was a small stale bull or two selling, plus a tree shake from an institution in a fragile, thin market.
Don’t mistake price for value longstory. You comment incessantly on the price as if that validates there being little value. When it was $3 were you holding. Did you equate that with value then? If so, is it actually worth 58c or $3 in your mind, or do you just vaccilate with the share price. You said you sold when the price was at 56c. I think that may well have been the bottom. Who knows though. But at least i’m taking a view of what i think the real value is - and i think right now somewhere between $1 and $1.50. With an equity parter deal, more like $2 plus
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Last
41.5¢ |
Change
0.010(2.47%) |
Mkt cap ! $37.44M |
Open | High | Low | Value | Volume |
40.5¢ | 41.5¢ | 40.0¢ | $590 | 1.453K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 134905 | 40.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.0¢ | 1208 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 134905 | 0.400 |
1 | 6370 | 0.385 |
1 | 25000 | 0.380 |
1 | 20000 | 0.335 |
2 | 32000 | 0.330 |
Price($) | Vol. | No. |
---|---|---|
0.420 | 1208 | 1 |
0.425 | 20000 | 1 |
0.490 | 32000 | 1 |
0.495 | 9463 | 1 |
0.500 | 4700 | 1 |
Last trade - 15.57pm 07/08/2024 (20 minute delay) ? |
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