Yep I can't see Drake selling a single share pre FAA approval to be honest.
As much as FAA accreditation is not a GIVEN... In my own mind I have said it is... too many hints the past few years to flag that it will happen.
I think the price would react badly if Drake were to start offloading so I highly doubt they will any time soon... considering Drake do have a massive holding (~$12M AUD) and SMN is not exactly a quick stock to off load a large parcel from, they would not be able to off load without substantially pushing the price down, hurting themselves in the process.
I have no intention of selling SMN until FAA is all systems go. Will be a wild ride in the meantime but those strapped in should be rewarded handsomely in time.
Yep I can't see Drake selling a single share pre FAA approval to...
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Last
58.5¢ |
Change
0.005(0.86%) |
Mkt cap ! $80.35M | |||
| Open | High | Low | Value | Volume |
| 58.5¢ | 58.5¢ | 57.0¢ | $11.55K | 20.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3808 | 57.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 58.5¢ | 1608 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| SMN (ASX) Chart |