Well for me I would say if it went anywhere near 40c that would be a significant pump but I think the only way I can see that is if it gets pushed up 7% or so for a couple of days followed by a bigger move. I think plenty people will want out though so I can't see it lasting long.
Personally I don't think we are at the bottom if there's no good news very soon as we really are moving into tax loss selling time now, I could see it going to 22c without a CR just on the selling pressure alone as it's down over 70% this year.
It's a terrible time for a CR the dilution will be ridiculous for very little financial gain so I hope they have other viable options.
I really think it's all coming to a head now I would be amazed if the spend last quarter is anywhere near estimates based on recent form.
All IMO but I hope I'm very wrong
Chart, page-4221
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Last
27.0¢ |
Change
-0.010(3.57%) |
Mkt cap ! $94.44M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 29.0¢ | 27.0¢ | $127.7K | 460.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 287444 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 100870 | 1 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
27.0¢ |
Change
-0.010 ( 5.69 %) |
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| Open | High | Low | Volume | ||
| 28.5¢ | 29.0¢ | 27.0¢ | 132157 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| PAR (ASX) Chart |