Hello Sarg.
I would love to think you may be correct BUT ! can our luck hold out for that to happen ? There is a reasonable expectation built into the share price now. So we need something decent to advance from here. If results are once again in the exceptional category then IMO the momentum will be such that the $1 barrier will be breached.
One thing that surprises me is the rather low number of shares that have been traded since the news release on October 19. The volume, ASX only i couldn't find the chi-x numbers stands at around 8.85m shares which equates to about 5.3% of shares on issue. That is quite a low turnover during the 2 weeks since this sort of announcement. That tells me the news is (believe it or not) still not widely spread in the general market & or stock is hard to get without pushing up the price. There could also be a lot of investors waiting on the sidelines for further results to clarify what Peel have found. Exciting times
Midnight Rambling, page-2
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11.5¢ |
Change
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Mkt cap ! $63.91M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 89603 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 118500 | 3 |
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