To make your post short - sentiment drives price. Even poor logical sentiment does so - the ol saying - the market can stay irrational longer than you can stay solvent - rings a bell. (obviously generalising here of course)
Sentiment is expected to be downwards as all the reasons you have stated.
So good time to sit on the wall and wait ... This has more probability to drift lower than higher at the current stage of development.
Will re-enter in due time once i think market cap is silly cheap.
For those with patience no doubt will be rewarded - each side of that coin
General discussion (MEI), page-4961
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Last
18.0¢ |
Change
0.010(5.88%) |
Mkt cap ! $358.2M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 19.0¢ | 16.8¢ | $917.7K | 5.145M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 350242 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 554950 | 2 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| MEI (ASX) Chart |