yeah your not getting my point though, sure In the short term people have been scared off and Em1 could well have stayed over 5c but as time goes by and money starts to come in and people fears settle, then the market will correct itself in time and the SP will return above 5c.
sometimes the market can completely miss a important company making announcement, I remember one recently that got fda approval for a drug but the asx released the news after hours, the company SP stayed flat for a week but they announced something small like a appendix and the market caught on and the SP went up 100%, not saying that is the case here but just a example there are lots of variables to consider, if however after a few weeks and the SP is the same for EM1 then I guess the market considers that the income PA and the current SP are fair but I don’t think that will be the case.
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Open | High | Low | Value | Volume |
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8 | 7512332 | 0.006 |
5 | 1960000 | 0.005 |
4 | 8300000 | 0.004 |
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Price($) | Vol. | No. |
---|---|---|
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0.009 | 3480072 | 6 |
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