Company last qrt shows $680m, even if they spend all they planned this qrt there are ~$600m still in the bank.
The shorts have this one, ride it out if you can the shorts will be constantly driving this one down. Just look at the daily gross short sell vs volume, last week (not sure before) its been low volume but over half are shorts. It doesn't take alot of capital to drive the share price down.
Risk vs reward, at this price and cash backing essentially getting all the assets for free. There are many reasons why so many brokers recommending this one. Calm down hold if you can risk it, don't use too much margin on this one due to the unrelenting shorting.
People like me and Cato dont really know what we are talking about, the market is always right. DYOR
Looking forward to the next week report, should be near reserviour level. Fingers crossed
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Last
$1.84 |
Change
0.100(5.75%) |
Mkt cap ! $1.474B | |||
| Open | High | Low | Value | Volume |
| $1.79 | $1.85 | $1.78 | $10.19M | 5.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 40861 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 25012 | 5 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| KAR (ASX) Chart |