There are very gloomy takes about the whole USD financial system at the moment. If you believe that the dollar based financial asset mansion is about to blow up or collapse in a USD hyperinflationary implosion, what do you do? you don't care what fantastic future any spec (yes PAR is spec) stock might have. You take the opportunity to liquidate, to be in cash.
That's what is happening around us now.
Russia's energy trades will be in Chinese RMB, French company has just settled LNG trade on Shanghai LNG exchange with China in RMB, Saudi Arabia and UAE are selling oil to China in RMB. Brazil will settle their trade with China in RMB, India-Malaysia trade will be settled in Rupee.
All those USD floating around the world will have to go back to the USA, and the result is--------inflation. So, interest rates will stay high, the real economy will be recessionary, Yellen said US government will hit debt ceiling soon again.
Really testing holders' nerves huh?
What's holding me up as a holder is the fact that our products will be in high demand by large numbers of OA people around the world. Our revenue may be in RMB rather than USD though.
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Last
31.0¢ |
Change
0.035(12.7%) |
Mkt cap ! $108.4M |
Open | High | Low | Value | Volume |
27.5¢ | 31.0¢ | 27.5¢ | $108.9K | 371.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
31.0¢ | 17420 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000 | 0.300 |
2 | 54067 | 0.295 |
2 | 6448 | 0.290 |
2 | 60208 | 0.285 |
2 | 100000 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.310 | 17420 | 5 |
0.315 | 112073 | 3 |
0.320 | 120163 | 4 |
0.325 | 3050 | 2 |
0.330 | 29123 | 2 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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PAR (ASX) Chart |