I suspect the market viewed today pretty much the same as you have. Punishment resulted in a 23% drop in the SP.
Anyone even slightly gifted with maths would conclude that there will be a CR at some stage in the next few months - even if MM said otherwise. She would not like to admit it at the webinar, and I also think they thought the SP would go up today.
The same thing happened at the last CR with a commitment not to run one just six weeks before it was.
yes, poor financial management to run funds down to such low levels and rely purely on an R&D payment. Silly stuff.
I suspect the market viewed today pretty much the same as you...
Add BIT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.14M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1495894 | 1.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.0¢ | 830622 | 7 |
View Market Depth
| Last trade - 09.59am 19/11/2024 (20 minute delay) ? |
| BIT (ASX) Chart |
Day chart unavailable