fingers no need to cross on this dog,nothing seriously wrong so far. I basically agree with your view, but 1.8c is a merely buy for me. No idea what this company doing No researches yet, the institutional buyers who recently paid $3m cash @ 2c per share should had done jobs for me.
director also paid 2.0c recently now 201m shares on issue MC$3.6m Cash:$3m no debt? some people are selling down this cashed up dog now? Well done!
quite interesting for me, even a dead cat can bounce once or twice , needless for a $3m cashed up dog. Dog should jump!
my logic is at least it should use the $3m cash to make some positive stories in 2025.
I believe the downside risks from here is limited, most of shares on issues (3/4 ) are controlled by the investors who recently paid 2c, they won’t let SP kill themselves.
Again , no idea how the new story to be, but 20%-30% profits from here shouldn’t be a problem. I have to agree today’s IBX is one of the best MC 3m ASX stocks for me.
good luck and trade stock like IBX will have fun, let’s watch the 1.8-2.5 range first .
IBX Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
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