Reminds me of 2008/9 when it hit a low of 9.2c IIRC. As I have a margin loan, though thankfully never been margin called (not a big deal anyway as I am not leveraged to my neck), I can understand how small cap or stocks with no margin are sold off during market decline, especially when it is a decline of 20%. If people gets margin called, they will have no choice but to sell stocks with no margin as the sales proceed can then be used to make the biggest difference to the margin situation. Additionally, it is typical that small caps are fried during downturn but outperform on the upturn.
The price doesn't bother me one bit. The fundamental of the company remains sound, if not better than before. I'll start a new thread for share price predictions by end of 2012 as a bit of fun till the drill results come in. I'm calling it to be 65c by end of 2012 :)
618
Reminds me of 2008/9 when it hit a low of 9.2c IIRC. As I have a...
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20.5¢ |
Change
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Mkt cap ! $587.4M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.3¢ | 20.0¢ | $1.823M | 8.814M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 1249073 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 269971 | 4 |
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