Was just trying to add a bit of levity.
My take:
- We have a market moving down quite quickly with many thinking it's got further to go.
- This leads to risk off sentiment and small caps are usually affected more than the large end as they are perceived as intrinsically being more risky.
- It's a few weeks since we had news and flighty holders tend to be impatient
- We issued 19.5m shares at 55c 2 weeks ago and as good as the company is there will be some happy to take 10% (give or take) profits for all the reasons listed above.
- TA probably compounding the selling effect
Depends what kind of market participant one is I guess.
For me with $15m in the bank and one of the best resources I have seen in a while I feel like the company itself isn't overly exposed to the market conditions (don't need cash) so I am willing to ride it out as the fundamentals are great. Price ≠ value
Was just trying to add a bit of levity. My take: - We have a...
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Last
$4.23 |
Change
-0.060(1.40%) |
Mkt cap ! $1.182B | |||
| Open | High | Low | Value | Volume |
| $4.14 | $4.32 | $4.11 | $3.390M | 798.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8300 | $4.15 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.25 | 7389 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| ADT (ASX) Chart |