In a weak sector think about this, you held stock in any of the other Johnny come lately, all fallen on their swords to shell value, and some at 2-5X shell value but without the real impetus to garnish movement higher, or attract a significant development pathway. Stranded without being able to present themselves fit to get onto the track.
What are you going to do ? You still hold some of these companies because you believe in the sector, but you backed the wrong horse for a cold winter .
Money flow will be looking for the one horse that can still attract a run on the track, when the others are unable to move. Big ticket items can only come into the advanced stocks with high pedigree , able to make big moves like our Renard option that can attract Major vertical OEM strategics.
You might dump your others, and re-invest into the one that can move ahead even in winter.
Or just keep the others into their shell level wildcard potential, and put new funds as bet on other money flow backing the best. WR1. Because the news events are only going to be market mover, when you have an advanced pathway that can open doors.
Additionally, discount markets also make for the potential predators who would want to take us out, nesting our 1b Renard + derisk pathway for themselves. RIO ?
A predator of scale, wont be interested in the trash, only the advanced asset book strength, low risk pthways that are able to do deals with vertical OEMs
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Last
50.0¢ |
Change
-0.020(3.85%) |
Mkt cap ! $108.1M |
Open | High | Low | Value | Volume |
52.0¢ | 52.0¢ | 49.0¢ | $269.9K | 536.7K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2119 | 50.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
51.0¢ | 3672 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2119 | 0.500 |
1 | 1400 | 0.495 |
2 | 15000 | 0.490 |
1 | 20000 | 0.485 |
2 | 110400 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.510 | 3672 | 1 |
0.525 | 2000 | 1 |
0.540 | 9999 | 1 |
0.545 | 5200 | 1 |
0.555 | 9320 | 1 |
Last trade - 16.10pm 18/09/2024 (20 minute delay) ? |
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