my best guess is that the market went soft on the reports of oversupply and then never really recovered coming into tax loss selling period. Combine with trade war overhang probably hurting anything exposed to Chinese growth story, completely ignoring how differentiated that trade war might look like, and the fundamentals driving battery storage. On top of that I am sure AJMs sell down in part driven by t/o games being played also - we've seen this at every stage of AJM going through financing negotiations.
I just keep reminding myself. $250m+ will be our forward earnings after 2020. p/e of 10 gives us market cap $2.5b. Current market cap $570m. Battery manufacturing capacity reported to be tripling by 2020. Everything being electrified. It goes on.
ASX completely asleep on battery metals IMO. As is our government as China and India elevate it to national strategic importance. The mind boggles.
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.53M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $6.475K | 1.710M |
Buyers (Bids)
No. | Vol. | Price($) |
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64 | 41925884 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 31432202 | 80 |
View Market Depth
No. | Vol. | Price($) |
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64 | 41925884 | 0.003 |
33 | 49636059 | 0.002 |
23 | 157966682 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.004 | 31432202 | 80 |
0.005 | 20607652 | 17 |
0.006 | 4886193 | 9 |
0.007 | 14264656 | 11 |
0.008 | 19567650 | 8 |
Last trade - 16.10pm 08/05/2024 (20 minute delay) ? |
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Last
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Open | High | Low | Volume | ||
0.4¢ | 0.4¢ | 0.3¢ | 326900 | ||
Last updated 15.57pm 08/05/2024 ? |
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