That's a possibility but there are a whole lots of ifs but's and maybe's along the journey to production and profits.
Why do you think those "investors" got involved at $1.65.
Because it was a gauranteed stop loss on short sales as they know the share price is built on anwhole lot of speculation and cannot be supported by profits or assets.
The price at current levels simply offers to much risk vs reward but when it falls back another 50 percent risk reward is much more favourable.
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Last
$1.20 |
Change
0.075(6.70%) |
Mkt cap ! $2.854B | |||
| Open | High | Low | Value | Volume |
| $1.14 | $1.20 | $1.14 | $10.00M | 8.584M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 44996 | $1.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.20 | 135643 | 33 |
View Market Depth
| Last trade - 15.12pm 29/04/2024 (20 minute delay) ? |
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Last
$1.20 |
Change
0.075 ( 6.19 %) |
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| Open | High | Low | Volume | ||
| $1.15 | $1.20 | $1.14 | 2298692 | ||
| Last updated 15.30pm 29/04/2024 ? | |||||
| LTR (ASX) Chart |