Smitty, for your sake I hope sub-10c never happens, but the market is now so far from rational that anything, no matter how ridiculous, is possible now IMO.
Even if the unthinkable occurs, We should stop at worst in the high single digits as we would eventually trade at almost cash backing value.
If we get into single digits you can blame it on directors not buying to show confidence. That's all we would need to put a floor somewhere around 20c in my opinion.
The "**if**" was meant to emphasize I don't think it's too likely. I suspect we will fund a bottom in the mid teens.
Smitty, for your sake I hope sub-10c never happens, but the...
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Last
$3.71 |
Change
-0.030(0.80%) |
Mkt cap ! $567.0M | |||
| Open | High | Low | Value | Volume |
| $3.72 | $3.83 | $3.71 | $2.398M | 642.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 32245 | $3.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.74 | 300 | 1 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| BMN (ASX) Chart |