Your 2c prediction is totally unsubstantiated. Like I said before, an oversubscribed placement was done at 4c in November with Mr Dorrian contributing $250k of it. Also around that time, an investment firm put a buy recommendation on this stock which sparked a huge interest and a massive increase in volume. A lot of shares were trading around 4 to 6c range and 4DS also formed a partnership with IMEC around the same time as well as making a big announcement on the progress of their chip.
The uptrend began and when Jim came to Oz on a road trip talk show, the share price spiked to 9.7c. Since then, it lost steam and started its decline on low volume. So I expect strong support around these levels we are at now with a floor at 4c. I'll be extremely surprised if it drops below that and if it does, I can assure you i'll be backing up the truck and load up.
As for your $4 takeover prediction, all I can say is sunny Jim and his posse have got a lot of work to do if he even dreams that someone will buy his company for that much. I expect a low ball offer to come first before you even think the $4 offer will be anywhere near realistic.
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Last
7.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $135.7M |
Open | High | Low | Value | Volume |
7.8¢ | 7.8¢ | 7.7¢ | $9.273K | 118.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 23024 | 7.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.8¢ | 20907 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 23024 | 0.077 |
3 | 212003 | 0.076 |
8 | 1022207 | 0.075 |
4 | 1377877 | 0.074 |
4 | 827081 | 0.073 |
Price($) | Vol. | No. |
---|---|---|
0.078 | 20907 | 2 |
0.079 | 263500 | 2 |
0.080 | 416184 | 3 |
0.082 | 262000 | 3 |
0.083 | 816455 | 2 |
Last trade - 10.29am 12/08/2024 (20 minute delay) ? |
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4DS (ASX) Chart |