I think we will hang at these levels until 1 of 2 things occur:
1) The ML gets issued OR
2) The options expire worthless on the 7/8/24 and then we start to climb.
There's absolutely nothing at all to drive the stock now until either 1 of these things occur.
The only thing that speeds up Option 2 IMHO, is we start to see some large bids (5-10 Mill shares) start to gather at 7.4 - 7.5c so the 4.5c Crap Raise participants sell into it and convert their options (There's still about 100,000,000 sitting there to convert). That's if the patient wealthy choose to go down that path. Or they sit back and wait, and the options expire worthless.
However note to the wise, once they convert, their 12 month CGT implications restart from the day of conversion. (Not Financial Advice) but advice from my own previous experience.
Either way, I'm happy to wait till either occurs.
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I think we will hang at these levels until 1 of 2 things...
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Last
6.9¢ |
Change
-0.001(0.72%) |
Mkt cap ! $94.83M |
Open | High | Low | Value | Volume |
7.0¢ | 7.0¢ | 6.9¢ | $2.867K | 40.96K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 39035 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.1¢ | 65000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 39035 | 0.069 |
1 | 150000 | 0.067 |
1 | 295276 | 0.066 |
1 | 200000 | 0.065 |
1 | 49195 | 0.061 |
Price($) | Vol. | No. |
---|---|---|
0.071 | 65000 | 1 |
0.072 | 200000 | 1 |
0.078 | 260000 | 4 |
0.079 | 465000 | 1 |
0.080 | 128865 | 2 |
Last trade - 15.32pm 21/05/2024 (20 minute delay) ? |
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