I think one thing to realise is that although it's gone up by +50% in the last 4-5 days, if someone had said in Jun that the SP was going to be $4.50 in Oct, we'd all be screaming from the rooftops saying it will never happen and that everyone would be hoovering up shares at that price. This is the power of market psychology - the shorters play their games, drive prices down and then we get conditioned to thinking that $4 is a good price since it was under $3.
To me, the cap raising at $5 should have put a floor under the sp. I was amazed it didn't. So I would say at a minimum, the sp needs to be above $5 and anything under that is very cheap. Especially since we have had announcements since the cr, so the project is de-risked even more since the cr. If you can get this share under $5, I think it is a bargain.
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$2.30 |
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Mkt cap ! $434.5M |
Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
3 | 110471 | $2.30 |
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Price($) | Vol. | No. |
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3 | 110471 | 2.300 |
1 | 43295 | 2.290 |
8 | 177065 | 2.280 |
1 | 220 | 2.270 |
3 | 85195 | 2.260 |
Price($) | Vol. | No. |
---|---|---|
2.310 | 1915 | 1 |
2.340 | 5500 | 1 |
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