Whilst buyers might be nearly exhausted so too are sellers I think. So yeah they could drive this down further but eventually they’ve got to buy the stock back and banking on sellers turning up at 5c or whatever is a risky strategy.
All the more reason the mgmt need to do what they need to do with nifty and get the Renison story out ASAP. You’ve got to understand 5c is a market cap of A$45m, I see this as highly unlikely - particularly when something like greentech is showing Renison value of >$250m.
- Forums
- ASX - By Stock
- Ann: Change in substantial holding
Whilst buyers might be nearly exhausted so too are sellers I...
-
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MLX (ASX) to my watchlist
(20min delay)
|
|||||
Last
42.5¢ |
Change
0.015(3.66%) |
Mkt cap ! $385.1M |
Open | High | Low | Value | Volume |
41.5¢ | 43.5¢ | 41.0¢ | $854.0K | 2.012M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 355954 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
42.5¢ | 36380 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 350002 | 0.420 |
4 | 85956 | 0.415 |
3 | 213869 | 0.410 |
5 | 92316 | 0.405 |
8 | 207453 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.425 | 36380 | 6 |
0.430 | 69052 | 5 |
0.435 | 107966 | 5 |
0.440 | 296240 | 7 |
0.445 | 2561 | 1 |
Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
Featured News
MLX (ASX) Chart |