In part true but a strong share price assists and provides the company bargaining power and anything north of $150m cap, then sticky institutional investors will start to take notice.
Just think back when FYI was negotiating with GEM - our market cap was $10m but based on the DFS and our peer market caps, the shareprice should have reflected a market cap closer to $60m-$80m. But Roly has never been about shareprice when in reality it's crucial when your at the bargaining table.
As seen in todays broker data, Pershing net sold on Wed/Thurs last week. Roly presented to them late Monday afternoon and 2 days later, instead of supporting and advising their clients to buy, they sold. Who needs brokers like this? Why is he even bothering with them?
We all know how undervalued we are but why are brokers dumping at $58m market cap? Trust me, Alcoa will screw us as much as they can if Roly cant get this to $150m-$200m market cap and good luck trying to get funding.
Roly did mention funding wont be considered at current mcap, so we await offtakes - and if the offtakes dont eventuate until next year, then Alcoa will drive a hard bargain.
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Last
5.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $20.40M |
Open | High | Low | Value | Volume |
5.6¢ | 6.0¢ | 5.3¢ | $17.74K | 317.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1935 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.8¢ | 83690 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1935 | 0.055 |
2 | 50000 | 0.050 |
1 | 12000 | 0.046 |
1 | 22000 | 0.045 |
1 | 200000 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.058 | 83690 | 1 |
0.059 | 50847 | 1 |
0.060 | 138186 | 3 |
0.062 | 28333 | 1 |
0.064 | 56059 | 2 |
Last trade - 16.10pm 06/11/2024 (20 minute delay) ? |
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