I think it would take some divine intervention to get to 20c in the near term..
If it just happens to be supported at 5.5c, that would make me happy enough for the time being.
The fact that it has not closed below the recent issue price, and taking into account the early closure of the SPP, and tha fact that there were no options issued with this one, are good signs IMO.
Re: the options, a good sign because even without the carrot of the option, it still got taken up early.
Also, I am happy that there will be no options to trade, meaning less day traders to maul it, and less chance of manipulation by larger traders to make dough on the options.
Keep on drillin Kev.
buyers side stacking up, page-4
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Last
83.0¢ |
Change
0.055(7.10%) |
Mkt cap ! $165.8M | |||
| Open | High | Low | Value | Volume |
| 82.5¢ | 83.0¢ | 82.5¢ | $2.641K | 3.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24834 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.0¢ | 3000 | 1 |
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| Last trade - 13.09pm 18/11/2024 (20 minute delay) ? |
| RHK (ASX) Chart |