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$2.48 iperionx limited

IPX charts, page-155

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Nagarjuna

587 Posts.

251

03/03/24

13:44

Post #: 72718564
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Originally posted by writer: ↑

Closed @ $5.01. A one share after-hours trade dropped it to $4.75. Then a 10-share trade took it up 5% from the regular close to $5.76.

Looks good on paper, don't know if you can read too much into it other than to say it's being played. A lot of single digit trades on the Naz keeping it in range. I'm surprised it's held up so well. The 12-month chart suggests it could/should have come back into the channel, as it has done on four previous occasions. Instead seems to have found a new higher range.

Also thought it might be being kept up here for a VWAP placement. They had $17M at Dec Q. Funnily enough the recent presso says "Cash (31 Dec 23)" but no amount! Whoops! Either way scale-up at Virginia will be reasonably capital intensive. Current burn is $4M/Quarter and they're 2 months into that. Taso has said they have access to DOD grants etc, but they must be down to about $13M - $14M cash, maybe a bit less.

Notwithstanding, as you said, lots of interest here with much of the buy/sell coming from off-screen. The pattern seems to be sell-off at open then buy back up over the course of the day.

Interesting times.

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agree with your comments , my guess is a positive ann, maybe one of the big name customers then a capital raise

IPX Price at posting: $2.29 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last $2.48		Change -0.040(1.59%)		Mkt cap ! $630.1M

Open	High	Low	Value	Volume
$2.53	$2.53	$2.45	$667.5K	268.0K

Buyers (Bids)

No.	Vol.	Price($)
7	10936	$2.47

Sellers (Offers)

Price($)	Vol.	No.
$2.49	3241	4

View Market Depth

No.	Vol.	Price($)
7	10936	2.470
4	6228	2.460
7	7442	2.450
3	13507	2.440
2	4950	2.430

Price($)	Vol.	No.
2.490	3241	4
2.500	8423	5
2.510	4226	4
2.520	11556	3
2.530	9698	2

Last trade - 14.53pm 04/06/2024 (20 minute delay)


Last $2.49			Change -0.040 ( 0.29 %)
Open	High		Low	Volume
$2.47	$2.52		$2.45	545756
Last updated 15.16pm 04/06/2024 ?

IPX (ASX) Chart