ALC Chart, page-2200

Here's a chart.



Tells us;

• Last 6mths has seen just under 60m traded on the ASX (plus a bit on chi-x), with almost 2/3rds of that volume being transacted at the 'offer'.
• Last 15 sessions has seen a noticeable drop off in volume, barely 175k a session, alongside a slide in the SP to today's intraday low of some 13%
• So what's that, just over $100k's worth of trade knocking $5m off our Mkt Cap!
• Support @ $0.04 reinforced, dating back to 31/8/18.

We know Kate and Ray have both grown their exposure at around $0.048, clearly thinking that level was unders. So, whilst we might be seeing price discovery at the moment, I doubt very much that it aligns to fair valuation.