it’s a really simple situation to understand that I thought had been conveyed fairly well by the company in the original announcement without saying it verbatim. But clearly the market isn’t too bright or is extremely manipulative and took the opportunity to use it to short (and send the drongo down dampers onto the hotcopper boards to incite panic). Maybe both.
now either this was crazily overvalued and it took a pretty standard event to deflate it to true value… or it’s crazily oversold and needs to rebound hard. I’d guess the latter.
it’s a really simple situation to understand that I thought had...
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Last
5.9¢ |
Change
0.001(1.72%) |
Mkt cap ! $97.89M | |||
| Open | High | Low | Value | Volume |
| 5.9¢ | 6.1¢ | 5.8¢ | $181.4K | 3.043M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 773915 | 5.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.1¢ | 444830 | 7 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
6.0¢ |
Change
0.001 ( 3.27 %) |
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| Open | High | Low | Volume | ||
| 5.9¢ | 6.1¢ | 5.8¢ | 1887308 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LKE (ASX) Chart |