0.4 percent of stock traded. The pattern of trades didnt look like an iceburg large seller trying to get a large chunk away. If you want to get rid of a meaningful bundle, you don’t keep taking out the bid with small parcels as happened last 2 days. Why would someone trying to get rid of 3 or 4 or 5% get rid of perhaps 0.2% (at most) whilst driving the price down 20% and destroying the value of the much larger part of their holding. The big players are a bit cleverer than that
IMO this was a small stale bull or two selling, plus a tree shake from an institution in a fragile, thin market.
Don’t mistake price for value longstory. You comment incessantly on the price as if that validates there being little value. When it was $3 were you holding. Did you equate that with value then? If so, is it actually worth 58c or $3 in your mind, or do you just vaccilate with the share price. You said you sold when the price was at 56c. I think that may well have been the bottom. Who knows though. But at least i’m taking a view of what i think the real value is - and i think right now somewhere between $1 and $1.50. With an equity parter deal, more like $2 plus
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Last
42.5¢ |
Change
-0.030(6.59%) |
Mkt cap ! $38.34M |
Open | High | Low | Value | Volume |
43.0¢ | 46.0¢ | 42.5¢ | $12.59K | 28.67K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 997 | 42.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
44.0¢ | 85 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 997 | 0.425 |
1 | 1500 | 0.420 |
1 | 25000 | 0.395 |
1 | 14600 | 0.370 |
1 | 60000 | 0.350 |
Price($) | Vol. | No. |
---|---|---|
0.440 | 85 | 1 |
0.450 | 4000 | 1 |
0.455 | 22500 | 1 |
0.460 | 23109 | 2 |
0.465 | 17563 | 2 |
Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
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