Calling a spade a spade: this thing is now in a fully fledged death spiral. Seen similar before, and it never ends well (regardless of how bullish posts can be!).
Can anyone put a number on how much further this will fall? Is there a rock-bottom value to the company (break up or minimum sale value), or is it just likely to end up as another statistic? (no value, administrators called in, or sold off to some sod who will strip it bare and sell off the bones for fertiliser).
Keen to learn whether I should dump my remaining holdings, or just sit back and pray. Both are not ideal strategies.
Regards
Kit.
Death Spiral
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Last
$3.11 |
Change
-0.090(2.81%) |
Mkt cap ! $9.360B | |||
| Open | High | Low | Value | Volume |
| $3.15 | $3.17 | $3.06 | $206.5M | 66.15M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 212414 | $3.11 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.12 | 1870994 | 18 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| PLS (ASX) Chart |