I don't agree at all.
Having collected a very very handsome profit out of AU8 in the first 6 months of trading, I expect the punters to come back in significant numbers when the business returns to its "new normal" trading conditions.
As a start up this company had nothing but the SP flew up 900% on speculation.
With no debt and enough cash to last 3 more quarters, the business now is far most robust and mature. The sniff of a return to profitability to me seems quite likely to get bottom fishers in followed by speculators.
So I have to wait a couple of years for another 3,4,5, or 6 bagger? Big deal, have been in this bus for so many decades, that is a walk around the block for me now. In the meantime, I will buy in the 5's, if a CR comes at the right terms, I'll definitely support the business.
That's my take rob80. And a market being a market assures me someone has the opposite view. I can afford to be wrong this time around as most of my holding is still free carry and if I am right my grandchildren will love me even more when I am dead.
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.48M |
Open | High | Low | Value | Volume |
0.6¢ | 0.7¢ | 0.6¢ | $48.03K | 7.770M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
27 | 28127896 | 0.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.7¢ | 9773719 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 28127896 | 0.006 |
17 | 23192575 | 0.005 |
9 | 18178000 | 0.004 |
10 | 13912498 | 0.003 |
20 | 27660644 | 0.002 |
Price($) | Vol. | No. |
---|---|---|
0.007 | 9773719 | 8 |
0.008 | 1100000 | 1 |
0.009 | 11717257 | 14 |
0.010 | 8897828 | 14 |
0.011 | 2912000 | 2 |
Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
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AUK (ASX) Chart |