Sorry I promised not to comment before the quarterly but just cannot help myself , just once .
A while back I was trying to get my point accross there was irrational exuberance around the stock and it needed to meet some milestones before people got so excited , and sugggested I envisaged a CR , and that forecsasts would notbe met , and as such the SP would pull back , despite my screams for anyone that agreed , all I got was criticism from those with different opinions imo exuberantly intoxicated with the blue sky MHM does have ....
The opposite appears to be occuring now , the long term holders are becoming less hopeful of $2 parties in the coming weeks or anticpating profits of magnitude to be forthcoming tomorrow , as such as one of few contrarians in the stock it is my opinion the stock could be getting cheap again , not ready to load up yet , but if my prediction is right , the quarterly will shake a few more sellers out and the CR may either be hinted at or completely discarded by the management and at such time , it is my view the stock will bounce
I think the CR price if it does occur is likely to be mid 60s , however if management can pull a rabbit out of the hat and get debt funding the SP will rally very quickly .
Just an opinion buy when everyone is selling and sell when everybody says to buy .
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Last
38.5¢ |
Change
0.005(1.32%) |
Mkt cap ! $161.1M |
Open | High | Low | Value | Volume |
38.5¢ | 39.5¢ | 38.0¢ | $346.2K | 891.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 16055 | 38.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
39.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 16055 | 0.385 |
2 | 10133 | 0.380 |
1 | 2658 | 0.375 |
2 | 87141 | 0.370 |
1 | 3000 | 0.365 |
Price($) | Vol. | No. |
---|---|---|
0.390 | 50000 | 1 |
0.395 | 96235 | 1 |
0.400 | 157272 | 4 |
0.410 | 15000 | 1 |
0.450 | 93000 | 2 |
Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
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VYS (ASX) Chart |