I have jumped in and out of this stock over the past year and whilst I have made a small profit overall it is really frustrating to see what is patently a significantly undervalued stock fail to reach something even approaching fair value.
The reasons have been discussed at length here, from toxic Directors, the lack of a new CEO, perception of it being a one trick pony, COVID and so on....
All things considered I would be interested to hear from holders both new and long term about what they see as being current fair value, what their target price is and when they expect to see it.
Personally speaking somewhere around 3c would seem reasonable given all of the above with anything up to 8-10c if and when a CEO is appointed and a contract extension with GM confirmed.
GLTAH
So What is Fair Value?
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Last
2.6¢ |
Change
-0.002(7.14%) |
Mkt cap ! $23.40M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 2.9¢ | 2.6¢ | $216.6K | 8.001M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2530057 | 2.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 200000 | 1 |
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| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| CXZ (ASX) Chart |