XTE half yearly said an Army announcement on the UAS was scheduled for March. Given XTE advised a couple of weeks ago that they had submitted a tender one would expect they would say something when the result was known, even if that was they had not won. I take that to mean the decision is just late - which is not at all unusual in Defence.
As to getting the guts kicked out etc, I suspect we are seeing the effects of a thinly traded stock. Turnovers since the tender announcement have been very low which means even small selling orders can move the price down more than if turnovers were bigger. I suspect (hope) all we are seeing is people sitting back waiting to see the results of the UAS tender.
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Open | High | Low | Value | Volume |
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1 | 5500 | 0.175 |
1 | 1470 | 0.170 |
3 | 77261 | 0.165 |
5 | 77375 | 0.160 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 69368 | 2 |
0.195 | 4687 | 2 |
0.205 | 2628 | 1 |
0.210 | 26500 | 1 |
0.220 | 68485 | 5 |
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