BRL 3.45% 70.0¢ bathurst resources limited.

Ann: Investor Presentation FY 2018 Results, page-122

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 200 Posts.
    lightbulb Created with Sketch. 85
    I don't think BRL will get that many shares below 14 cents or so.

    Daily average trading volumes over the last 1 year have been around 1.4 million shares max. So if someone was to start buying even 1 million shares a day...the share price will very quickly react and move higher. The rule of thumb is that to buy 1 share, at least 4 shares need to trade. So if you assume 1 million shares buying, 4 million shares means that 3 days worth of shares will have to trade every day.

    As for the bulk of the shares, they are locked up in Singapore. I can't see those shares coming out anytime soon, at least at such uber low prices.

    Any sustained buying by BRL will drive the share price back at least above 15 cents, IMHO. Even at 15 cents, it will be down for the year...so it ain't saying much for BRL.
 
watchlist Created with Sketch. Add BRL (ASX) to my watchlist
(20min delay)
Last
70.0¢
Change
-0.025(3.45%)
Mkt cap ! $133.9M
Open High Low Value Volume
71.0¢ 73.0¢ 70.0¢ $14.55K 20.66K

Buyers (Bids)

No. Vol. Price($)
1 52 70.5¢
 

Sellers (Offers)

Price($) Vol. No.
73.0¢ 24314 1
View Market Depth
Last trade - 15.06pm 01/11/2024 (20 minute delay) ?
BRL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.