The SPP may very well fail unfortunately.
Retail has been stung by recent events and the company is flailing around like a fish out of water.
The price, in my opinion, will sink well, well below the SPP at 4.8 cents.
Why participate in the SPP if you can buy on market at 4 cents? 3 cents?
I think EW's chart analysis deserves more weight than fundamentals at this time... tapping the covid bottom is not out of the question. That would be 2.5 cents.
At some point - even the most devoted holders conviction is challenged - certainly mine!
But.
Make no mistake.
If they prove the Mb chip - They will be acquired. Absolutely no question.
The right question is how much for... and it is that multi-billion dollar figure which I now seriously question ("niche applications only" saucey boi).
A more likely probability imo is a standard IP transaction value at approx $100m - $150m.
That is 3X from todays prices.
I entered for 10X. 20X. Not a measly 3 bag.
The SPP may very well fail unfortunately.Retail has been stung...
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Last
8.2¢ |
Change
-0.001(1.20%) |
Mkt cap ! $144.6M | |||
| Open | High | Low | Value | Volume |
| 8.3¢ | 8.6¢ | 8.2¢ | $200.6K | 2.426M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 232006 | 8.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 8.5¢ | 200000 | 1 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| 4DS (ASX) Chart |