By my reckoning if it stays at or above .50 we will get there...

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dangar

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11/10/16

12:59

Post #: 19771541
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Originally posted by dangar ↑

I too, thought 50c VWAP for 10 days meant 50c VWAP on EACH of 10 consecutive (trading) days.

However, if it is 50VWAP averaged over the 10 day period, we could see that mark hit very shortly.

Given 33,228,078 were traded for $16,707,761 from 30/9 to 6/10 (thx Gero) , only 2,220,800 were traded Friday between .47 and .50, worst case for $1,043,776 and 4,040,484 today at $2,104,827 we have a 7 day VWAP of $19,856,364 / 39,489,362 =50.28c

If tomorrow we did (for example) 8M at $0.55, aggregating with the 29/9 trading of 4,725,800 between .44 and .48 the two days combined would be over 50c VWAP, so that would give us (at close tomorrow) 9 days of 50c + VWAP. Then anything over 50c on Wed would see that mark hit.

It's possible a high price and volume would get there tomorrow, but the 7M traded between .43 and .48 on the 28th would be a significant drag on the 10 day VWAP.

I don't have exact value figures looking back, but if anyone does they could check the last 9 days value and volume and post it, I can do a running commentary tomorrow on progress...

I'm tipping an Appx 3B ann by the end of the week.

If only it meant something more than a distraction for us plebs...

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By my reckoning if it stays at or above .50 we will get there tomorrow.
Another 14M traded at today's VWAP will definitely get us there today, using (volume * daily low) for the total value where I don't have data.
Using (volume * daily high) we are there already.
9 day VWAP is at minimum .4985.

LOM Price at posting: 52.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 7.0¢		Change -0.001(1.41%)		Mkt cap ! $20.30M

Open	High	Low	Value	Volume
7.0¢	7.0¢	7.0¢	$12.35K	176.4K

Buyers (Bids)

No.	Vol.	Price($)
3	121431	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.1¢	27000	1

View Market Depth

No.	Vol.	Price($)
3	121431	0.070
1	120000	0.068
2	127722	0.064
3	124801	0.061
1	16666	0.060

Price($)	Vol.	No.
0.071	27000	1
0.072	108501	4
0.073	153356	2
0.077	70000	1
0.093	100	1

Last trade - 15.57pm 31/07/2024 (20 minute delay)

LOM (ASX) Chart

By my reckoning if it stays at or above .50 we will get there...

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By my reckoning if it stays at or above .50 we will get there...

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