This is the stock market, prices go up and and they go down, sometimes rationally, often not. There is no reason to beat up on the current management team. they are doing what they said they would, i.e. adopt disciplined disclosure practices and focus on the bottom line by off loading unprofitable business in favour of building the higher volume higher margin side of the business. So expect some softness in the numbers for a while folks.
The cut off date for all of the reporting to date was June 30th, over 3 months back with the prelim and final reports since and there won't be an update until the 4C at the end of October unless there is something material or price sensitive to report in the meantime. It is taking time and chances are that stuff is happening but the new reporting strategy is testing some people's patience after becoming used to a steady diet of announcements. This is causing people to lose patience, it has been a long journey since the high back in 2015 and it is understandable that some are running out of wind.
However this is not capitulation selling, volumes are low and it has taken 22 trading days to pull back about three quarters of the 4 day price hike following the prelim on August 28th, as painful as it might seem to some, this isn't serious selling.
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Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $1.1K | 100K |
Buyers (Bids)
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---|---|---|
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Price($) | Vol. | No. |
---|---|---|
1.4¢ | 137511 | 2 |
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1 | 899999 | 0.011 |
2 | 3058333 | 0.010 |
5 | 2072715 | 0.009 |
2 | 1075000 | 0.008 |
2 | 240000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
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0.015 | 906200 | 4 |
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