sorry to be blunt and harsh but anyone who paid 9c yesterday was deluding themselves... nothing goes up over 1000% in a week and stays there...
yes INL has been pushed down and down and down, but a more gentle rise is to be expected fueled by actual progress as opposed to wild and completely blind enthusiasm. Look at the volume. almost double the actual shares on issue change hands in the course of one day... does that sound normal? people were just trading the gains and not the facts.
3c IMO is a completely reasonable placement price in the scheme of things, and that's really saying something coming from someone who needs to see an 83c share price to break even!
Tony.
placement, page-4
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Last
61.0¢ |
Change
0.020(3.39%) |
Mkt cap ! $115.7M | |||
| Open | High | Low | Value | Volume |
| 59.5¢ | 61.0¢ | 59.0¢ | $23.29K | 39.11K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2523 | 59.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 62.5¢ | 5000 | 1 |
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| Last trade - 15.27pm 04/10/2024 (20 minute delay) ? |
| SDV (ASX) Chart |