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This downtrend is going to need plenty of volume to...

  1. botter
    151 Posts.
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    03/03/20
    13:15
    Post #: 43279084
    This downtrend is going to need plenty of volume to break.

    Optimists on this forum are calling this a buy because it's so cheap???

    1 year ago, approx 1.4B shares = market cap of approx 65mill
    today, approx 2B shares = market cap approx 100mill

    The share price is similar to a year ago but with a big larger valuation... if this was 40mill market cap then it would be good value with 20/30% upside.

    At this valuation where is the upside? this thing isn't going to double from here in current market conditions
    NET Price at posting: 4.7¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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