Nah @dbd25 - the share price would never have got that high without the Alcoa deal.
Don't forget the market cap of FYI before the MOU was only $21 million - that's the company Alcoa signed an MOU with. The rise from 21 to 300 is the central issue IMO - it made zero sense - the market just got way too far ahead of itself and it's now correcting - we'll see where it ends up.
But it's a tough one for current holders, because literally everyone who bought and sold this year is trapped above the current share price - it's a mountain of resistance.
I don't know if Roly can do much more to explain the deal now - maybe if he'd done a bit more work on communications before to let the market know the kind of deal they were looking at then people's expectations would have been more realistic. Easy to say in hindsight of course, I think you'll just have to wait out a few months and see where you are in the New year when it all settles down a bit.
IMO.
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Last
6.1¢ |
Change
-0.004(6.15%) |
Mkt cap ! $22.38M |
Open | High | Low | Value | Volume |
6.6¢ | 6.6¢ | 6.1¢ | $10.61K | 171.8K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 220000 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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6.6¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 220000 | 0.060 |
2 | 150772 | 0.056 |
3 | 305555 | 0.055 |
1 | 75000 | 0.051 |
1 | 30000 | 0.050 |
Price($) | Vol. | No. |
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0.066 | 10000 | 1 |
0.067 | 50000 | 1 |
0.070 | 549129 | 7 |
0.074 | 9415 | 1 |
0.076 | 100000 | 2 |
Last trade - 12.50pm 03/05/2024 (20 minute delay) ? |
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Last
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Change
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Open | High | Low | Volume | ||
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Last updated 11.59am 03/05/2024 ? |
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