This is purely tax loss selling and perhaps people that bought in a couple of weeks ago on good announcements.
100K shorted yesterday, volume today is only 70K and in the grand scheme of things is FA
One thing I do know if they can produce a $1-$2M cash surplus for the quarter then the market cap should be around $100-$200M
Not rocket science but a painful wait to see. So I do expect 100% - 200% returns on current SP if its positive.
Revenue of $30M for the quarter is my guestimate, and $80 for full year. Only need to tweak a few more percent on 100M+ turnover for FY20 and the story can change rapidly. Different company to what it was a year ago IMO
This is the spec end of the market, so it is to be expected. High Risk/High Reward
Cheers
This is purely tax loss selling and perhaps people that bought...
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Last
66.0¢ |
Change
0.070(11.9%) |
Mkt cap ! $54.95M | |||
| Open | High | Low | Value | Volume |
| 60.0¢ | 66.0¢ | 59.5¢ | $116K | 183.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | 63.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 66.0¢ | 65879 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| JAT (ASX) Chart |