Simply enough the share price is catastrophic and the directors have to accept their share of the responsibility for the way the company is perceived.
They couldn't buy before the JORC but they could have stepped in today and can tomorrow to show their faith in the story and to show some solidarity. If they don't believe enough in the company to do this then who does?
I don't doubt that the company has lots more coal to find and will do so, the sp is too low we all know this. The management has been amateurish and of course it is hard to know how this has impacted the sp but it hasn't done it much good.
It is a good day on the market generally and we have all seem how at least one other share has reacted to news.
Tomorrow will probably see a bounce but all it is just another day in a litany of bad days.
Is this an alcohol free night??
jorc out, page-18
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Last
$2.03 |
Change
0.030(1.50%) |
Mkt cap ! $2.390B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.06 | $2.01 | $7.893M | 3.882M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 178236 | $2.02 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.04 | 77587 | 9 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| BGL (ASX) Chart |