I wouldn’t call 51 million shares “nothing.” Sure, we’ve seen stronger churn days in the past — 200m+ sessions usually tied to big news or hype — but if you look over the last 12 months, we’ve only had a handful of real volume spikes. So in that context, today’s volume is still meaningful, especially without a pump or major catalyst hitting headlines.
Like the rest of you, I’d love to see a bigger jump and more churn today — but we also need to recognise where we’re at. There’s still some confidence building to do and a few key hurdles to clear (funding finalisation, confirmed delivery milestones, etc.).
Once those are ticked off, I believe the real churn and re-rate will follow — maybe even sooner than most expect. Until then, I’ll take today’s action as a step in the right direction.
IXR Price at posting:
1.0¢ Sentiment: Buy Disclosure: Held
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