3DP 4.55% 4.6¢ pointerra limited

Its frankly not concerning at all. Why you ask? 1) The 40% jump...

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    Its frankly not concerning at all. Why you ask?

    1) The 40% jump from 3.2 cents to 4.4 cents in late September was not a fundamental re-rate. It simply was a morning spike created by a player with deep pockets entering the stock, which stimulated day-trading and further upwards movements. How do I know this? 3DP released last week that they had converted AAM from a MOU to commercial agreement and the share price offered little response. This is not to say the company is not undervalued, but rather that the company is currently not being valued against its fundamentals and hence the spike in september would not have been the result of a fundamental re-rate.

    2) In the AAM commercial contract announcement last week, the CEO said this:

    "
    “The Technology Licence and Business Association Agreement represents an important milestone in Pointerra’s commercialisation strategy and we continue to work on similar technology licence, partnership and data licensing agreements with other leading regional and global enterprise partners and data owners.
    "

    Only a matter of time before 3DP is not irritated by short-term traders and long-termers enter, prompting a re-rate based upon fundamental metrics and potential.

    Remember, fully diluted, 3DP's MC is only $20M at 3.6 cents (last price point I calculated). That is staggeringly cheap for the potential of this company.
 
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Last
4.6¢
Change
0.002(4.55%)
Mkt cap ! $42.66M
Open High Low Value Volume
4.4¢ 4.6¢ 4.3¢ $27.37K 621.5K

Buyers (Bids)

No. Vol. Price($)
2 111281 4.3¢
 

Sellers (Offers)

Price($) Vol. No.
4.6¢ 360999 2
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Last trade - 16.10pm 20/11/2024 (20 minute delay) ?
3DP (ASX) Chart
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