Yep, just a tickle into 0.6, capitulation, and fear. = opportunity.
When they are flushed out, those CR flippers, can no longer influence the price.
Nothing has changed long term, and the ops were trading at 1.2-1.6c when the heads were at 8-9c.
All that you have since then, is an improved quarterly revenues, expansion continues, and then an oversupply of CR flippers.
8.5c CR plus free option. = 7.7c + 0.8c break even. Simple math.
The outlook of the leverage buyer, is different to the price mechanism of a capital return seller.
One is in control of the price action today, typically the other will be when the former have vacated the building.
Ann: Activities Update Qtr Ending June 2023 and Appendix 4C, page-16
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Last
3.8¢ |
Change
-0.002(5.00%) |
Mkt cap ! $4.564M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.8¢ | $2.434K | 63.92K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 399387 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.0¢ | 1000000 | 1 |
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| Last trade - 14.13pm 07/10/2024 (20 minute delay) ? |
| OSX (ASX) Chart |