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
1.2¢ |
Change
-0.001(7.69%) |
Mkt cap ! $2.081M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $2.977K | 231.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 798952 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 557010 | 3 |
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| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| OSX (ASX) Chart |