You are very wrong in saying funds don't invest in $40m speculative companies.
They do.
There are amazing funds who service this end of the market and take deep interest in stocks they back. I had lunch with one today.
If CM8 starts to move up funds will become buyers.
It needs to be a confirmed move though. A real move.
Funds will overlook any hesitation they have about CM8 and play the momentum.
But for CM8 to move up you need interest. And that interest is not going to come from AU based funds yet.
10-20 individuals can have a greater effect both in buying power and influence than a single fund can.
You are very wrong in saying funds don't invest in $40m...
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Last
1.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.90M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $3.822K | 294K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 4378333 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.4¢ | 2663574 | 8 |
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| Last trade - 14.13pm 12/07/2024 (20 minute delay) ? |
| UNT (ASX) Chart |