If/as the SP is driven much lower than current price the risk of a takeover offer increases exponentially imo.
Shorts will be acutely aware of this and still need to buy back approx 20% of SOI.
Very high risk atm - heading into extreme risk I suggest....
Look at the market reaction each time our SP has been driven down to these levels- it tends to bounce hard. Institutional shorts don't like this much risk IMO
We will see - but I pick a $1 plus bounce in the coming 30days.
This is just a shake to accumulate imo.
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Last
$2.85 |
Change
-0.030(1.04%) |
Mkt cap ! $8.582B | |||
| Open | High | Low | Value | Volume |
| $2.87 | $2.89 | $2.82 | $51.48M | 18.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6942 | $2.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.85 | 129885 | 1 |
View Market Depth
| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| PLS (ASX) Chart |