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
34.0¢ |
Change
-0.020(5.56%) |
Mkt cap ! $32.48M |
Open | High | Low | Value | Volume |
36.0¢ | 37.3¢ | 34.0¢ | $26.15K | 73.79K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 24091 | 34.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
34.5¢ | 11 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 24106 | 0.340 |
2 | 21000 | 0.335 |
1 | 10000 | 0.330 |
2 | 15000 | 0.320 |
1 | 1616 | 0.310 |
Price($) | Vol. | No. |
---|---|---|
0.345 | 11 | 1 |
0.350 | 2433 | 2 |
0.355 | 5318 | 1 |
0.360 | 19053 | 1 |
0.365 | 3653 | 2 |
Last trade - 15.37pm 26/06/2024 (20 minute delay) ? |
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SRL (ASX) Chart |