Tere are a few reasons why INL "shouldn't" drop to 2c.
(1) At 2c it will be trading @ 0.5 NTA(mainly cash)with no value to their IP,regardless of how rubbish it is(we know it is not because JX Nippon paid 5m for some of it + their own IP)
(2)There are a lot more people interested in buying 1m+ shares than those wanting to sell large parcels.
On the INL register ,there are only few with holding more than 1m.
In oter words,it is unlikely that buyers will be overwhelmed by really large sellers.
(3)The technicals of INL is rather misleading & could well be manipulated given the tiny MC.
This was clear, watching the mediocre trading last couple of weeks.
I believe that INL is grossly undervalued,if we look at its technology,its cash holding & its potential(obviously,it hasn't delivered yet but it will be wrong not to take a position at dirt cheap prices now ,rather than paying multiples later on.)
this is how we can make serious money.
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Last
53.0¢ |
Change
-0.015(2.75%) |
Mkt cap ! $100.5M |
Open | High | Low | Value | Volume |
54.5¢ | 54.5¢ | 53.0¢ | $323.9K | 603.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 9286 | 53.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
54.0¢ | 1237 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 9286 | 0.530 |
3 | 19044 | 0.525 |
2 | 60000 | 0.520 |
1 | 10000 | 0.500 |
1 | 2085 | 0.480 |
Price($) | Vol. | No. |
---|---|---|
0.540 | 1237 | 1 |
0.545 | 8000 | 1 |
0.550 | 1600 | 1 |
0.570 | 25600 | 2 |
0.580 | 20000 | 1 |
Last trade - 15.58pm 14/11/2024 (20 minute delay) ? |
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SDV (ASX) Chart |