The technology looks to be exceptional. However, too many posters over looking where the overall market is heading in the short term. The month of October is generally a time to take profits and buy back in after the sellers have run out of steam.
Also, as an investor do yourself a favour and go and read the financial report and ask yourself how much money is this business burning up annually?
Look at the balance sheet, current liabilities v's cash at bank. This company needs to raise more capital.
An Equity raising is on the cards within the next 4 months in my opinion.
My entry price is 0.40 cents, not 0.53, not 0.60, so time will tell who's right and who's paying more than they should. That is the beauty of the market. Price is what you pay, value is what you get!
Happy trading
DYOR
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Last
58.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $79.66M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 51 | 58.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
58.5¢ | 1660 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 51 | 0.580 |
1 | 7535 | 0.560 |
1 | 1600 | 0.555 |
1 | 5000 | 0.550 |
1 | 2000 | 0.545 |
Price($) | Vol. | No. |
---|---|---|
0.585 | 1660 | 1 |
0.590 | 5000 | 1 |
0.595 | 4916 | 1 |
0.600 | 4144 | 1 |
0.610 | 11052 | 2 |
Last trade - 07.20am 26/07/2024 (20 minute delay) ? |
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SMN (ASX) Chart |
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