Thanks. what's to stop traders from buying through the increased liquidity though? if it is a good stock surely they would bulldoze the capping, and the stock would resume its march upwards in order to make some decent profit at a higher price?
From a non-trader POV , if the stock is good value to want to be capped i.e. AQI or RDG, surely a big buyer would come in to say RDG and snap up all the extra liquidity on offer up to 4c?
Just curious but what sort of conservative price target/valluation have you arrived at orionwoo?
One thing I"ll note is - as mentioned above, couldn't find the forward order book. But comparing the 1h16 results, revenu of $51.5m to total year of 75.8m... until proven otherwise the revenue book continues to reduce? They seem to be increasing margin, but still a higher margin on revenue tracking lower is still going to result in overall lower net profit going forward. I assume that would be the main concern, and where the most value woudl be if they can stem the revenue loss. Stabilising or increasing this , or perhaps as everyone mentioned - diversifying into non-mining, stable businesses which seem to be what they have wised up to anyway. Hopefully they can continue to brin gin enough cash and all to be in a good position to snap up a few good bolt on businesses.
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $88.52M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 503210 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.5¢ | 34000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 437959 | 0.024 |
2 | 550000 | 0.022 |
1 | 220000 | 0.021 |
1 | 10000 | 0.012 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.025 | 142147 | 1 |
0.026 | 25714 | 2 |
0.030 | 100000 | 1 |
0.032 | 199999 | 1 |
0.033 | 100000 | 1 |
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