I think once we get an interest rate cut, we're going to see a substantial amount of liquidity enter the market and BOT will be a major beneficiary of this.
We have a product and launch occuring at the perfect time and likely to align with interest rate cuts which I personally think are coming just before or during US elections and will reverberate around the world* with other monetary orgs like RBA following suit.
Plenty of money will flow into companies but BOT represents so much value from here. I would not be surprised to see this at a billion dollar market cap within the next 1 - 3 months.
We've seen banks cut interest rates on term deposits, just this last week or so, we've seen the likes of Macquarie drop fixed rates to as low as 5.79% with other majors also reducing certain fixed rates by anywhere from 0.10 - 0.50 basis points.
As funding pressures ease, we're going to see a lot more money re-enter the markets.
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Last
37.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $671.1M |
Open | High | Low | Value | Volume |
37.0¢ | 37.5¢ | 36.8¢ | $954.2K | 2.577M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 89025 | 37.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
37.5¢ | 1729 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 89025 | 0.370 |
12 | 548226 | 0.365 |
14 | 230162 | 0.360 |
13 | 258707 | 0.355 |
34 | 1320408 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.375 | 1729 | 1 |
0.380 | 344070 | 10 |
0.385 | 175000 | 2 |
0.390 | 100550 | 3 |
0.395 | 151300 | 3 |
Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
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