Trading seems to indicate that short covering might be concluded and Bergen has either reduced exposure ( guaranteed returns of investment by end of year for 15 % of outlay ) or returned the favour for low conversion prices provided by other entiity.
However one wants to read this, it appears to be over.
New buyers would want to wait for clarity in regards to further selling pressure.
Bergen would likely not offload entire portfolio at these prices as I would suspect that they expect returns over 10 cents for their investments, once proper PE ratios are in place and several positive news being digested by market, in my opinion.
Positioning during Dec should accelerate at that point when market seems confident that selling concluded.
Liquidity, page-109
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Last
1.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $46.90M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.0¢ | 1.8¢ | $14.63K | 773.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 2514072 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 1915345 | 2 |
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| Last trade - 15.57pm 14/08/2024 (20 minute delay) ? |
| ADO (ASX) Chart |