How can you say they didn't botch the announcement, they went into a trading halt Monaday and got everyone looking at yesterday only to go into a suspension at the last minute (as evidenced by the proactive investor interview that had to be pulled) supposedly until Monday so everyone starts looking elsewhere until then and then they announce today when people aren't paying attention. This could be a book entitled "How not to make a major announcement to the ASX"
The result of all this is that we have a great announcement that should see a revaluation of at least 3 times (according to you) that is struggling to hold the SP above 7c on very little volume.
As i have said repeatedly there is nothing wrong with the fundamentals of this stock and everything points to it being massively undervalued but we have been waiting for the "market to catch up" for years now and the fact they still haven't and great announcement after great announcement get ignored points to a massive inability of management to do the basic things that sell the company and create confidnece properly.
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Last
6.2¢ |
Change
0.002(3.33%) |
Mkt cap ! $27.23M |
Open | High | Low | Value | Volume |
6.1¢ | 6.2¢ | 6.1¢ | $60.54K | 977.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 40000 | 6.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.1¢ | 25000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 115000 | 0.080 |
1 | 105001 | 0.079 |
1 | 250000 | 0.078 |
1 | 25000 | 0.077 |
1 | 50000 | 0.076 |
Price($) | Vol. | No. |
---|---|---|
0.083 | 300000 | 1 |
0.084 | 145330 | 1 |
0.085 | 20000 | 1 |
0.086 | 45000 | 2 |
0.088 | 77104 | 2 |
Last trade - 12.57pm 15/11/2024 (20 minute delay) ? |
ERM (ASX) Chart |