Agreed but factor in that we are also seeing the true freefloat decline with each high volume day that passes.
Each session a few more shares will be removed from the market and put into people's portfolios.
Consequently it may not take as much buying as you might think to take it to the 5s and beyond.
There are approx 1.1bn shares physically out there unescrowed and free to trade (in theory) of this almost a quarter at 235mn shares have changed hands in the last 2 days.
Combine a reduced true freefloat, lots of long term holders and then add in some game changing news re the tech giant or chippie MOU which has surely to be due soon then we should start seeing an accelerated appreciation in the SP.
It's why I continue to hold anyway.
EB
XPE Chart, page-191
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Last
6.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.619M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 25000 | 6.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.5¢ | 42973 | 1 |
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| OAK (ASX) Chart |
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