because if a handful of trades drop the price, then it isn’t a material drop. It allows you to buy from the less convicted holders. It’s temporary, millions were pouring in at 29-30c, a couple hundred grand at these levels are just a sort of fire sale.
The company has 50mil cash, plus turns about 21 mil so far, so 150mil market cap is relatively low for the ASX.
I can deal with a month or two of low prices as long as I can keep buying. If it dropped to 15c again we can all agree we’d be likely to go all in, so I would like it to go back there just to top up, it wont, but it would be nice considering the big money isn’t selling.
Drone News, page-605
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Last
95.5¢ |
Change
0.040(4.37%) |
Mkt cap ! $832.8M | |||
| Open | High | Low | Value | Volume |
| 91.5¢ | 95.5¢ | 90.5¢ | $8.549M | 9.078M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 59389 | 95.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 96.0¢ | 110589 | 13 |
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| Last trade - 16.10pm 31/10/2024 (20 minute delay) ? |
| DRO (ASX) Chart |