80% of the float is held by long term investors waiting for the end result. If any insto wants a piece of the action before read out they will need need to up the ante to shake out a few more holders. That would happen around about CR price and they will start testing the waters a year out. Current fair value prior to new indication was about $2 imo (others had it higher). Now, you can double it and if FOMO kicks in pre-read out along with the general bio sentiment then it's $5 plus. Keep in mind on the ASX atm there are no easy plays and with winners harder to come by people are going to want to back a horse at 2-1 odds with a clear pay day (end of 2025). The fact that this didn't continue to run to $1 this week is ridiculous but this low volume pull back from day traders and a few more stale tax loss sellers will set it up nicely for the next run. We had a 50% run off of 700k of stock sold, imagine when they really come after it and find that no one is selling until read out. It's only a matter of time.
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Last
6.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.960M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 6.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.8¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 100000 | 0.062 |
1 | 15500 | 0.061 |
1 | 150000 | 0.060 |
1 | 100000 | 0.052 |
1 | 60001 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.068 | 10000 | 1 |
0.069 | 16500 | 1 |
0.070 | 40000 | 1 |
0.076 | 888 | 1 |
0.083 | 4000 | 1 |
Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
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IXC (ASX) Chart |
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