If/as the SP is driven much lower than current price the risk of a takeover offer increases exponentially imo.
Shorts will be acutely aware of this and still need to buy back approx 20% of SOI.
Very high risk atm - heading into extreme risk I suggest....
Look at the market reaction each time our SP has been driven down to these levels- it tends to bounce hard. Institutional shorts don't like this much risk IMO
We will see - but I pick a $1 plus bounce in the coming 30days.
This is just a shake to accumulate imo.
If/as the SP is driven much lower than current price the risk of...
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Last
$3.00 |
Change
-0.020(0.66%) |
Mkt cap ! $8.985B | |||
| Open | High | Low | Value | Volume |
| $3.02 | $3.04 | $2.98 | $28.03M | 9.300M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 60 | 300412 | $2.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 213064 | 41 |
View Market Depth
| Last trade - 14.58pm 16/07/2024 (20 minute delay) ? |
| PLS (ASX) Chart |