I wonder how the people who trusted Fidelity with their 35 mill are feeling?
While it is fine to be confident in your own long term investment strategy, clearly Fidelity's timing of the buy and the negotiations on their off market purchase price stinks. If they had waited a few more days they could have brought 15% more shares!
Like others we also added to our holding at 20.5 cents a few weeks ago.
Sure my timing stinks too, but then I'm a novice, buying shares isn't my day job and its my own money.
For a large global investment firm to have made such a bad timing call doesn't say much for the human on a chair that made that timing decision with someone elses $35 million.
Given the the 15 % cliff fall in 3 days, I'd be expecting someone at Fidelity to be calling the Pivacs suggesting they issue some positive news to at least try and stabilize the price. Especially if at tomorrow's close (weeks end) we end up at 15 cents.
FBR Chart, page-2360
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Last
3.6¢ |
Change
-0.002(5.26%) |
Mkt cap ! $173.6M |
Open | High | Low | Value | Volume |
3.7¢ | 3.8¢ | 3.6¢ | $314.3K | 8.515M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 4409705 | 3.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.8¢ | 565262 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 4309705 | 0.036 |
27 | 3617341 | 0.035 |
6 | 863328 | 0.034 |
4 | 693182 | 0.033 |
2 | 783656 | 0.032 |
Price($) | Vol. | No. |
---|---|---|
0.038 | 565262 | 2 |
0.039 | 3065386 | 8 |
0.040 | 2632825 | 11 |
0.041 | 462889 | 3 |
0.042 | 1714710 | 5 |
Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
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Will Souter, CFO
Will Souter
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