I support your sentiments, Winsomelose.
A good time to look at facts. One, the share price rose on news of major shareholder (soph's) support for a fund raising but crashed spectacularly from it's 0.024c level to the 0.011-0.014 band it is in at present. Two, the share price has virtually no momentum, in terms of both volume and price movement.Three, a fund raising from other shareholders on the basis of a bonus issue at 0..02c with extras was made when the share price was substantially lower than the bonus price. You can wait for the wash-up announcement if you like but odds on it missed the fund raising target. Four, the Company issued a series of announcements at the time of the bonus issue that gave every indication they were not on top of the process.
A reasonable derivative from the facts is that a core of shareholders has been spooked by a major loss of confidence in the Company and this has led to the sell off already recorded. Until this confidence issue is rectified it is a matter for the rest of us to sit and wait if you're an optimist or sell and cut losses.
- Forums
- ASX - By Stock
- What EMI License will mean for PIL
I support your sentiments, Winsomelose. A good time to look at...
-
- There are more pages in this discussion • 19 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 PIL (ASX) to my watchlist
|
|||||
Last
1.3¢ |
Change
-0.001(7.14%) |
Mkt cap ! $27.57M |
Open | High | Low | Value | Volume |
1.4¢ | 1.4¢ | 1.3¢ | $10.26K | 782.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 16163999 | 1.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.4¢ | 12110226 | 15 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 16163999 | 0.013 |
18 | 18581665 | 0.012 |
10 | 11277574 | 0.011 |
5 | 2495000 | 0.010 |
9 | 5762533 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
0.014 | 12110226 | 15 |
0.015 | 5398863 | 13 |
0.016 | 9045356 | 9 |
0.017 | 3063079 | 4 |
0.018 | 1104332 | 3 |
Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
Featured News
PIL (ASX) Chart |