I will need to do a bit of analysis but this 40m conversion is a good buy signal from SMART MONEY.
I can't remember how much they have in the kitty but they did have $4.2m from the CNs so I guess there would be a bit left. Still by converting now they are signalling they are happy to carry $250k worth of risk with an expectation of a good return in 6-12 months.
Why 6-12? Simply that funds usually try to generate returns by end of calendar year and then end of financial year to clear bonuses etc. Plus July is a good time to get in before the usually Xmas rally. So 6 months would quite likely IMO
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I will need to do a bit of analysis but this 40m conversion is a...
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Mkt cap ! $3.001M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $988 | 82.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 420735 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 55457 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 420735 | 0.011 |
8 | 1580000 | 0.010 |
5 | 1083445 | 0.009 |
2 | 182500 | 0.008 |
4 | 1500000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 613792 | 3 |
0.014 | 417724 | 1 |
0.015 | 33333 | 1 |
0.016 | 235000 | 2 |
0.017 | 29500 | 1 |
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