If my calculations are correct the book value of AXI is around 9c after liquidation!!!
In a normal market this would be trading 30c to 50c.
I cant help but think we will see 2c with the way people are selling off their stocks in general.. and it looks like some hard selling has been done this week with a 50% drop in high volume.
I think i will wait a couple more weeks and see if I can scoop up 200,000 shares at 2c the way i see it in a few years this could be back at 50c or more. for a $4,000 investment i think the chances of walking away with $100K profit if i am patient is a very posible outcome and very low risk at these price leves..
If my calculations are correct the book value of AXI is around...
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Last
6.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $28.12M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 73708 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 148886 | 1 |
View Market Depth
| Last trade - 16.12pm 05/11/2024 (20 minute delay) ? |
| AXI (ASX) Chart |
Day chart unavailable