@stevieg999 I agree the SP is a long way below the true LT value but I can see some lower SP moments before the likely catalyst of Leilac 2 build news or positive FY results.
Shorts seem to be playing a channel with a sell-buy rolling cycle ATM.
The company is very conservative with news which I like but the information gaps allow uncertainty and opportunities to fleece the unwary.
I have been building my position trading the channel and keeping some each cycle. That way when it does change direction I will have a solid foundation for LT.
GLTAH
"GREEN", ONE of the Biggest Investment Chances of the Century?????, page-996
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Last
$1.35 |
Change
-0.005(0.37%) |
Mkt cap ! $243.9M | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.41 | $1.33 | $428.1K | 314.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7341 | $1.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.35 | 2071 | 2 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| CXL (ASX) Chart |