It can go a lot lower than 0.1 cent. Have a consolidation and it can go down the magnitude of the consolidation. At present we have a standoff. A whole lot of bargain hunters waiting for someone to falter. Prepared to pay 0.1 cent but not 0.2 cent. On the otherside are a pile of jumpers believing that if they wait a little they will get double their money. There has been some meeting in the middle, but it only tales one trade to drop or raise the MC. The 0.1 cent is the result of one week hand.
No news is good news but it is frustrating. There needs to be time to assess the new asset and work out how to go forward. The bargain hunters know this and the know that they can up the ante and still pay the same.
The ace in the deck is EUR. This has remained for 3 weeks at a cash value of $6.5M. Sometime within the next 6 months these will need to be cashed up.
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