I'm similar to you.
Regarding your questions - people are feeling exposed after experiencing losses in their other stocks and are taking money off the table, even if that means compounding their losses. golden6's post is a perfect example of that.
It's not driven by the fundamentals of MI6, as nothing has changed on that front (a Director actually made a significant $120k on-market purchase recently), but rather driven by emotions.
MI6 is still at early stages and fortunately has enough cash to ride the macroeconomic situation out. We'll see in the latest quarterly shortly, but with their current cash burn rate, they are good to go for another 2 years contingent on M&A activity
I'm similar to you.Regarding your questions - people are...
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $31.59M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.5¢ | $12.52K | 92.74K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7264 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 22072 | 2 |
View Market Depth
| Last trade - 14.19pm 18/10/2024 (20 minute delay) ? |
| MI6 (ASX) Chart |