It would appear that those who have not got their allocation of SMN shares & were greedy in hoping for lower prices are now chasing the price. There is no incentive for sellers to lower their asking price because buyers realise that once the big move comes, any price at these levels will prove to be highly profitable.
Come on fellas, chase that price because if you don't you are in danger of missing out altogether or buying in at twice the current price.
Investors may realise that SMN is not only reliant on FAA approval but the realistic opportunity of having sensors placed on many of the 54,000 U.S.A. bridges that need monitoring as they are in danger of collapsing. The cost of repair would be enormous but with sensors attached an orderly order of repair could be accomplished. It has been estimated that 9% of the 600,000 bridges were desperately in need of repair, thus the figure of 54,000.
Previous efforts to estimate future SMN revenue & profitability had not taken bridges into their estimates as this was indicated to be only looked into once the airline business was up & running.
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Last
55.0¢ |
Change
-0.020(3.51%) |
Mkt cap ! $75.54M |
Open | High | Low | Value | Volume |
57.0¢ | 58.5¢ | 53.0¢ | $25.88K | 46.15K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4518 | 55.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
61.0¢ | 1000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4518 | 0.550 |
1 | 4644 | 0.535 |
2 | 12500 | 0.530 |
1 | 10000 | 0.525 |
1 | 11538 | 0.520 |
Price($) | Vol. | No. |
---|---|---|
0.610 | 1000 | 1 |
0.625 | 9109 | 1 |
0.630 | 6837 | 1 |
0.670 | 1500 | 1 |
0.690 | 6000 | 1 |
Last trade - 15.04pm 04/10/2024 (20 minute delay) ? |
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SMN (ASX) Chart |