With a MC below $10mil we're surely near / at oversold territory.
A funding announcement will cause a relief rally - sourced from overseas and it will be bigger.
Any announcement that indicates they've found a way to monetise this asset and we see a huge rerate.
This could be the introduction of onsite advertising, new subscription options (Fans) or the holy grail - API deals that actually pay money.
A hostile takeover offer - at these prices its a real risk.
On the downside, the risk is they continue to do nothing and good money goes after bad. I think we're past that now.
A lot of reasons why it can bounce from here.
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $157.9M |
Open | High | Low | Value | Volume |
13.5¢ | 13.5¢ | 13.5¢ | $2.714K | 20.10K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 226 | 13.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 427483 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 226 | 0.130 |
4 | 40768 | 0.125 |
9 | 230249 | 0.120 |
2 | 105000 | 0.115 |
2 | 160000 | 0.110 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 427483 | 2 |
0.145 | 21899 | 1 |
0.150 | 164230 | 4 |
0.155 | 7000 | 1 |
0.160 | 60605 | 2 |
Last trade - 10.09am 07/11/2024 (20 minute delay) ? |
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VNL (ASX) Chart |