I’ve taken you off ignore to see the question based on SuperTrumpy’s response to you. I’m happy to engage in genuine discourse,but I’ll put you back on ignore if this isn’t the case.
I answered this question yesterday but I’m happy to repeat.
The SP has risen 71% in recent months. Volume has been ok at times so I’d say there has been plenty of buying.
Revenue hasn’t started to flow yet. There is some time before meaningful revenue will hit the books. In saying that, I believe there are two catalysts that will stimulate larger volumes.
I think Capricorn buying in will be the first catalyst, and shortly after that cash flow positive status will be the second.
Genuine revenue growth will follow shortly after and will continue to grow for a number of years and there will be no looking back for the SP. A company making millions upon millions in profit cannot be ignored by the market.
Positive SPX, page-952
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Last
0.8¢ |
Change
0.001(14.3%) |
Mkt cap ! $34.59M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 1.0¢ | 0.7¢ | $98.44K | 11.81M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1982955 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 1899502 | 4 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SPX (ASX) Chart |