Your reasoning makes absolute perfect sense to me.
Given the number of buyers entering now I suspect it may jump north from here as the company still has inherent potential.
But anything is possible when shorted so if it happens to reach 40 cents you bet I will be buying up as fast as I can shovel.
The current price in my eyes is an absolute bargin compared to other small caps considering that it is viable and has cash.
Having said this I not a financial planner. So...I will also hedge my bet on horse 4 race 6 for a place just in case.
How many percentage will drop?, page-93
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Last
28.0¢ |
Change
-0.015(5.08%) |
Mkt cap ! $807.9M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 29.8¢ | 26.5¢ | $682.8K | 2.439M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 117263 | 27.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 28.0¢ | 12348 | 1 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| BCI (ASX) Chart |