Very clear from that letter they want to exit from that section of the market. And I guess you don’t have to “officially exit” if you have no customers. All I’m pretty sure of is that something is going on. Been trading almost 30 years and volume doesn’t spike like that for no reason. I bought in purely on SP action and volume - for me risk/reward profile at these levels are acceptable.
Very clear from that letter they want to exit from that section...
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $27.93M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $1.309K | 8.431K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 29141 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 225885 | 3 |
View Market Depth
| Last trade - 14.49pm 04/11/2024 (20 minute delay) ? |
| LPE (ASX) Chart |