After being a long term bear on this stock as many here will attest I have finally put my toe in the water from the long side.
I almost went long a few weeks back just above $4 & then it went on a tear higher to over $5.
Although the story at the current poo isn't great they have too many assets at their disposal & options as well in regards reducing debt.
Personally I hope they don't sell too many assets particularly the likes of the PNG asset as its too valuable in the long term. I would be happier if they raised a couple of billion in equity.
I think if they put out a CR at $4.50-4.75 they would probably get it as it takes away some of the risk & the short covering would probably see it back over $5.
GLTAH.
After being a long term bear on this stock as many here will...
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Last
$7.55 |
Change
0.070(0.94%) |
Mkt cap ! $24.52B | |||
| Open | High | Low | Value | Volume |
| $7.52 | $7.55 | $7.45 | $49.37M | 6.568M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 109504 | $7.54 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.55 | 11885 | 3 |
View Market Depth
| Last trade - 16.10pm 07/05/2024 (20 minute delay) ? |
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Last
$7.54 |
Change
0.070 ( 1.08 %) |
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| Open | High | Low | Volume | ||
| $7.52 | $7.55 | $7.45 | 1464580 | ||
| Last updated 15.59pm 07/05/2024 ? | |||||
| STO (ASX) Chart |