The real story is SPL hasn't been 63 cents since 24/3/2020 that's not a 52-week low, that's a 114-week low! 2 years 3 months since its seen that price.
When it goes to 62 cents, and it will as it's 1 cent away, it will be a 282-week low, or 5 years 8 months since it's been at that level, that's a lot of holders if not all on them in the red.
At some point more and more will go enough and take the hit. Down ward pressure abound, and whats in the pipeline to immediately get this higher. Even if you get an announcement, how many will use it to exit.
This was all discussed last time back at 90 cent's and $1.00 when certain posters were thrilled to tell others to top up at those incredibly low prices that the share price would now take a 58% price rise to ge there. So you can have traders enter at these levels and exit at 75 cents and walk away with 20% profit, and all that is headwinds to get back to $1.00.
The top up brigade have cost holders with their ill informed posts.
Not advice, just an opinion to consider if you find yourself in this situation again. DYOR.
SPL Price at posting:
62.5¢ Sentiment: None Disclosure: Not Held
