Harold
True, the sp has reached $12 bucks, but when you calculate 177m shares @ $12 = market cap $2,141,700.
Now we have 217m shares. x $10 = market cap $2,170,000. At the time of $12 there was approx $200m in the kitty. So at $10 today is approx same as $12 24/7/09.
Then to add, the market as of today is telling us that there is not to many willing buyers over $7.70.
I think you would be supprised how many of the big enders would be happy to dump 10 to 20 mil shares a $10 in one hit that they bought pre $5 a couple of years ago.
Just my opinion
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Last
$1.38 |
Change
-0.025(1.79%) |
Mkt cap ! $1.071B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.37 | $3.804M | 2.757M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 38853 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 16869 | 1 |
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| KAR (ASX) Chart |