Instro,
Morgan Stanley have hit this right on the head. POO fall has nothing to do with oil glut - in fact demand is increasing steadily.
The Hedge Funds too have already priced in POO at above $80 short term.
As for share price, volumes have been so low, and most of the sells are stop-loss sells, nothing to worry about. Sentiment will chnage and before you know it we are back at 11c as punters chase it up get a position before Jan anns.
Have we passed the bottom?, page-58
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Last
49.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $45.28M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.3¢ | 49.0¢ | $28.83K | 57.69K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 17097 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 10000 | 1 |
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| Last trade - 15.56pm 24/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |