Yes, you have been correct. I underestimated the selling pressure. However, it seems to me that the downward pressure has been engineered. I think it is worth holding. Expected return from holding should be much higher than the expected risk. There is a reasonable probability that a dairy deal would occur in the future. If that happens, 20 cents will be the lower bound for the share price.
Ann: Change of Director's Interest Notice, page-36
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Last
0.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.310M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $4.504K | 925.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1145213 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 294721 | 2 |
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| Last trade - 15.31pm 19/07/2024 (20 minute delay) ? |
| 1AG (ASX) Chart |