Why don't we assume some high-level numbers? ~5 million new shares from the SPP. Say 50% of the investors are wannabee hedge fund guys flipping the stock for a tiny profit and the others see the long-term upside.
That means ~2.5m shares flipped. Then assume 50% of the market volume is flippers so I'd assume it will take less 4-5 days of trading to clear out the sellers.
Then it's boom time with the 3rd licence, sector positivity and flagged revenue/earnings generating deals. I see more than $0.20 ($0.83 - $0.63 SPP) upside and will continue to hold.
- Forums
- ASX - By Stock
- SPP
Why don't we assume some high-level numbers? ~5 million new...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EPN (ASX) to my watchlist
|
|||||
Last
2.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.208M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
EPN (ASX) Chart |
Day chart unavailable
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online