So, we get to a ridiculous position where some people sold few hundred shares (in a universe of over 533 million) to get us to the lowest SP its ever been and now we have a huge gap between buyers and sellers and in a true Mexican Standoff no one wants to budge in fear of something ....
Goes to show that we (SHs) lack direction ....
Where is management in this hour of need? Do they really value shareholders?
"A Mexican standoff is a confrontation amongst two or more parties in which no participant can proceed or retreat without being exposed to danger. As a result, all participants need to maintain the strategic tension, which remains unresolved until some outside event makes it possible to resolve it."
... and management is the "outside event" we are all looking for.
Mexican Standoff ... What a situation..
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Last
0.5¢ |
Change
0.001(11.1%) |
Mkt cap ! $26.22M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.5¢ | $4.263K | 916.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 58 | 69165915 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 38212524 | 21 |
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| Last trade - 15.11pm 05/07/2024 (20 minute delay) ? |
| ATH (ASX) Chart |