Completely different scenario's, but sure .... sometimes the sharemarket can throw up weird and irrational share price changes.
The long term problem here is the Company has found bauxite and is now a producer..... but it is either incapable or unable to make any decent sales. There has been bauxite shortages many years ago but again ABX was unable to capitalise.
We Shareholders all want these guys to sell some bauxite and upset that it is not happening.
The supply and demand argument only works if the Company is willing and able to make sales when the demand is high.....
GLTH
Patience, page-3
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Last
5.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.00M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.2¢ | 5.2¢ | $28.04K | 539.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 128103 | 5.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.2¢ | 28079 | 2 |
View Market Depth
| Last trade - 14.41pm 27/05/2024 (20 minute delay) ? |
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Last
5.2¢ |
Change
0.000 ( 1.96 %) |
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| Open | High | Low | Volume | ||
| 5.1¢ | 5.2¢ | 5.1¢ | 48477 | ||
| Last updated 14.41pm 27/05/2024 ? | |||||
| ABX (ASX) Chart |