Why is today disappointing Mimmo?
A stock that has risen from a MC of $23m less than one year ago, to a MC of $200m today, without any revenue projections, announces a relatively paltry $1.4m government grant.
So what?
The people who (think they) understand the significance of today (like me) are most likely already invested. Let the rest of the market work it out .... which will occur.
If those who (think they) understand the significance of today's announcement (like me) prove to be correct then the lack of market reaction today will be well and truely compensated for in the future. If wrong, then the market will have reacted appropriately, at this stage, to today.
[Beats me how someone could have predicted a 3.5c (30%) rise in MC this morning due to today's announcement.]
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1.1¢ |
Change
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Mkt cap ! $29.75M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.2¢ | 1.0¢ | $32.31K | 2.881M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 2081983 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 803564 | 5 |
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| ADO (ASX) Chart |