@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
@stevieg999 I agree the SP is a long way below the true LT value...
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Last
84.5¢ |
Change
-0.045(5.06%) |
Mkt cap ! $153.9M | |||
| Open | High | Low | Value | Volume |
| 90.0¢ | 90.0¢ | 82.5¢ | $253.6K | 298.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 800 | 83.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 85.5¢ | 2000 | 1 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| CXL (ASX) Chart |