If you’re not pricing in total failure, the stock is very cheap here. Buyers, if they are real will need to accept that the only liquidity is going to be in lifting lumpy offers like that at 8.3c. And that will continue.
In the past many folks have suggested down ramping etc, but that cannot go on for years, so ultimately those theories become paranoia. The market has just been pricing in failure risk, plus some day traders trading the spread and mucking around. Nothing untoward or sinister.
So if there is a genuine belief rebuilding, believers best get set here as I don’t think these levels will survive long if that’s the case.
I have conviction that if BOT get it right, this is a huge stock, but it’s not without risk. However, the risk currently priced in is too extreme in my opinion. Hence the asymmetry is certainly in favour of being long here.
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Last
34.5¢ |
Change
-0.020(5.48%) |
Mkt cap ! $543.4M |
Open | High | Low | Value | Volume |
35.5¢ | 35.5¢ | 34.0¢ | $4.566M | 13.13M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 410003 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 346713 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 410003 | 0.345 |
21 | 1198939 | 0.340 |
12 | 887560 | 0.335 |
29 | 2479852 | 0.330 |
5 | 853843 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 346713 | 8 |
0.355 | 76367 | 5 |
0.360 | 381578 | 10 |
0.365 | 522058 | 4 |
0.370 | 327527 | 8 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
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