Jeez, has to be the most benign 'short squeeze' I have ever seen ;-)
In reality, had the covering not occurred we would likely be at PhilWs 6.5c target.... smarties do 'help' occasionally .. no?
In answer to Tony999... the SP 'is what it is' ... the 'real market' sees a lot of Risk... the 'HC market' generally sees 'nothing but upside'... need to remember that imo.
There is currently
- Funding Risk
- Dispute Risk
- Exploration Risk
- Commerciality Risk
- POO Risk
and
- Sovereign Risk
(Could also add a 'Sgt Schultz' Risk as I doubt many are impressed by the continued silence on PE when CNE and WPL have made theirs and the Govts positions very clear, publicly imo).
Just too many risks for the broader market imo.... hence.. the SP Risk .. remains to the downside ..imo.
DYOR
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Last
49.5¢ |
Change
0.005(1.02%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 49.0¢ | 49.5¢ | 49.0¢ | $4.017K | 8.162K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19637 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 10000 | 1 |
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| Last trade - 13.40pm 26/07/2024 (20 minute delay) ? |
| FAR (ASX) Chart |