I would imagine any trapped holders would just be waiting for news. Doubt we will see a meaningful buy side.
Case a point today. Touches 2.9 and instantly all it takes is a few hundred k shares and back to 2.6 with buyers sitting at 2.5
Would say this is going to trade in the range of 2.5-2.9/3 until news.
Maybe a potential run into options expiration given there seem to be a fair few thinking the deal should be done before then to lock in some money (myself included)
Perfect time to accumulate if you believe the deal will get done in a few months. Given the pop on the last announcement, anything whether there is no share dilution and an upfront payment of 10mil this will run hard.
Yes I know people are going to say TO keeps saying 45 mil upfront. but realistically I doubt that'll happen. Its not an inaccurate statement because he is basing that off other peers but realistically I think it'll be far less. Still 10-20 mil is 100x to 200x the MC in cash alone plus the knowledge of moving to phae 2.
Patience is required for this stock. Otherwise, 2.5-3 is still a 20% return each time it occurs
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Last
2.2¢ |
Change
-0.002(8.33%) |
Mkt cap ! $14.29M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.2¢ | $18.13K | 760.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 562562 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 36513 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 562562 | 0.022 |
2 | 1047615 | 0.021 |
4 | 556797 | 0.020 |
2 | 1028500 | 0.019 |
2 | 305553 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 36513 | 1 |
0.025 | 158858 | 2 |
0.026 | 297347 | 3 |
0.027 | 319180 | 3 |
0.028 | 181507 | 4 |
Last trade - 15.35pm 17/07/2024 (20 minute delay) ? |
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1AD (ASX) Chart |