Exactly. As I see it, the nature of the contracts possible in this industry will be "small" individually, but there are lots of them.
Assign a value to "possible" and "small", multiply together, and your answer is "exciting".
In accumulation mode, I like the small announcements as it seems people are not doing the calculation and there are only small increases on the share price. Come the business update, "exciting" will be revealed and up she goes. Then more people will realise (a) that each subsequent contract win becomes easier and less costly and (b) there's a compounding effect involved. Wisetech ASX:WTC is another example.
Assuming the above is correct, why then did the price retreat from 30c? That's something about human psychology that I do not know.
Season's Greetings to all on this Alcidion, exceptional forum.
Exactly. As I see it, the nature of the contracts possible in...
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Last
6.3¢ |
Change
-0.001(1.56%) |
Mkt cap ! $84.57M | |||
| Open | High | Low | Value | Volume |
| 6.6¢ | 6.7¢ | 6.3¢ | $50.29K | 773.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 441783 | 6.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.4¢ | 106361 | 2 |
View Market Depth
| Last trade - 15.59pm 08/05/2024 (20 minute delay) ? |
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Last
6.4¢ |
Change
-0.001 ( 1.54 %) |
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| Open | High | Low | Volume | ||
| 6.5¢ | 6.7¢ | 6.4¢ | 371789 | ||
| Last updated 14.54pm 08/05/2024 ? | |||||
| ALC (ASX) Chart |