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.
because if a handful of trades drop the price, then it isn’t a...
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Last
$1.32 |
Change
0.010(0.76%) |
Mkt cap ! $1.151B | |||
| Open | High | Low | Value | Volume |
| $1.31 | $1.33 | $1.28 | $14.65M | 11.22M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7782 | $1.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.33 | 123367 | 7 |
View Market Depth
| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| DRO (ASX) Chart |