IMO / DYOR - there is no rhyme or reason to this drop - the stock is currently well undervalue.
We have some weak hands getting spooked, and the typical sell off prior to the Christmas spend period (free up of capital).
Tend to agree, hard to call this ATM - market is down in general, oil price is shot, China not looking great, Russia run by a Sadist, US up and down, dollar dropping (mind you - good for miners in general terms), ISIS running around the Middle East...
A lot of uncertainty - but there really is no reason - none, that this stock is dropping to pre-FAN1 discovery prices?
If you can - pick the bottom and buy (picking the bottom seems to be the hard part - I have been accumulating thinking we had hit bottom - but no - wrong...)
Grab the reigns and ride this one out - future is very bright, even if the present is depressing...
Cheers
IMO / DYOR - there is no rhyme or reason to this drop - the...
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Last
48.5¢ |
Change
-0.010(2.02%) |
Mkt cap ! $44.81M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 49.5¢ | 48.5¢ | $34.87K | 70.84K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 27749 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 10897 | 2 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |